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Positive pay enables a business match and the check is of criminals and protect its cash flow.
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positive pay cheque instructionsPositive Pay is an automated fraud detection tool offered by the Cash Management Department of most banks. The RBI has introduced an electronic authentication system called Positive Pay that will allow you share the cheque details with your bank before the bank. Positive Pay is a relatively simple, cost-effective cash service offered by banks to help reduce the risk of check fraud by implementing an external safeguard.
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