The Purpose of a "Positive Pay" Service Is to

question 102

Multiple Choice

The purpose of a "positive pay" service is to

• A) reduce availability and clearing float
• B) only clear checks when a firm's cash balance is positive.
• C) reduce a firm's exposure to check fraud.
• D) move funds to into a zero balance account.

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Definitions:

End User Profile

A detailed description of the final consumer or user of a product or service, including demographics, preferences, and behaviors.

Biggest Fears

The most significant anxieties or phobias that individuals or groups face, often impacting decisions or behaviors.

Motivators

Internal or external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Buyer Persona

A semi-fictional representation of your ideal customer based on market research and real data about your existing customers.