The purpose of a "positive pay" service is to

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A "positive pay" service is designed to reduce a firm's exposure to check fraud. It allows the bank to match checks presented for payment against a list of checks previously authorized and issued by the company. If there is a discrepancy, the bank will provide notification to the company, and they can decide whether to pay or return the check. This helps to prevent fraudulent checks from being cleared and helps to protect the company's funds. The other answer choices are not accurate descriptions of the purpose of a positive pay service.

The Purpose of a "Positive Pay" Service Is to