Re:Positive Pay File, how to stop a vendor to cash a - HandsonERP

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Re:Positive Pay File, how to stop a vendor to cash a (1 viewing) (1) Guest

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TOPIC: Re:Positive Pay File, how to stop a vendor to cash a

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handsonerp (Admin)

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Posts: 1989

Re:Positive Pay File, how to stop a vendor to cash a 13 Years, 5 Months ago

I am not an expert in security but I have never seen a situation when one requests a bank to stop the payment and resend another check without waiting to get a response from the bank.

This is normal:
1) You decide to stop the payment
2) You call bank to stop the payment
3) You mark stop payment in the system
4) Bank gets back to you with either YES or NO
5) You void the payment if bank was able to stop the check. You remove the stop if bank was not able to void
6) Now you can resend another check to the vendor. (You will not do this step 6 before step 4).

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