how does positive pay work 
positive pay is a service provided by financial institutions to their customers clients enrolled in the program have special fraud detection services to protect their accounts the system matches the date check number dollar amount and account number of each check presented against a list provided by the company to protect against forged altered and counterfeit checks the payee may also be included on the list of checks if these do not match the bank won t clear the check when security checks are not put in place identity thieves and fraudsters can create counterfeit checks that may end up being honored 