Positive Pay System | New rule for cheque payments from today: All you need to know

Positive Pay is essentially a tool designed to detect fraudulent activity. It does this by matching specific information related to the cheque presented for clearing, like the cheque number, cheque date, payee name, account number, amount, and other details against a list of cheques previously authorized and issued by the issuer.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/positive-pay-system-|-new-rule-for-cheque-paymentstoday-all-you-need-to-know_14627981.html
via IFTTT