Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions | Mint
Source: Live Mint As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021, which has emerged as a powerful tool to fight cheque fraud in India, especially for large-value transactions. The PPS adds an…