Positive Pay: Necessary Control or Legacy Patch?
Fraud prevention has always shaped how companies move money in the United States. Unlike the UK or Europe, where payment systems consolidated around a small number of real-time clearing networks, the U.S. developed with a fragmented banking landscape. Thousands of institutions, multiple payment rails and no single settlement standard created both complexity and risk. This fragmentation created opportunity for growth, but it also created fertile ground for fraud.

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