CHECKFLO – Your Company’s Check Mate!
CHECKFLO – Your company’s check mate!
Discover the advantages of check writing software and find the perfect solution for your financial management needs – Learn how to streamline and secure your check writing process with our business guide.
Positive Pay is a fraud prevention system offered by most major banks, designed to protect against forged, altered, and counterfeit checks. This system acts as a form of insurance for a company against fraud, losses, and other liabilities related to the bank.
KyckGlobal, an emergent financial technology firm specializing in streamlined digital payments, and PayFlo, A leading provider in physical check fulfillment services in North America, today announced a partnership to expand PayFlo’s digital disbursement options for its customers in the United States and Canada, and for PayFlo to provision checks for KyckGlobal.
MICR is an acronym for “Magnetic Ink Character Recognition,” which refers to machine-readable text that allows computers to read and process the printed information. MICR technology system was developed by the American Bankers Association in the 1950s and has allowed financial institutions to facilitate automatic check-clearing and streamline their check processing.
As the number of COVID-19 cases continues to swell and much of the world remains on lock-down, organizations across the globe continue to adopt remote work strategies in order to do their part to maintain social distancing and help slow the spread of the virus.