Meandering Out Loud

Don Thorp’s Musing, Muttering, and Mischief Along a Random Path

Banking: The Positive Pay System

I learned something new today about a system called “Positive Pay” that’s used in the banking system. It’s one of those systems that you just wouldn’t notice until something went wrong. Earlier today, I tried depositing a check from a company only to have the the teller inform me that it couldn’t be deposited today. [...]