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Some of the common treasury management solutions used during early-stage growth include: Liquidity solutions that combine checking and money market checking accounts, money market mutual funds, and managed fixed-income portfolios. CheckPositivePay to prevent fraudulent checks from being processed in the startup's account.
At the business level, payment automation involves using software tools to manage and complete the process of paying vendors. This includes approving payments, sending them through different payment methods such as ACH transfers, checks, wires, and virtual card payments. Some technology providers guarantee accuracy.
Even before the pandemic — and the stimulus bills that sent trillions of dollars via check into consumers’ (and not a few fraudsters’) hands — the alarm bells were tolling. that check scams were on the rise. Back then, Edwards noted that mobile check fraud was escalating so much that some banks were shutting off the feature entirely.
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