Our payment method emphasizes efficiency and safety. Disbursement checks are printed on
8-1/2” x 11” safety paper stock. The
check is printed on the upper one-third of each sheet and the transmittal letter
explaining the payment is on the bottom two-thirds. We use the “positive pay” systems
at banks to detect fraudulent checks.
We keep close watch over checks as they clear.
We reconcile all checking accounts daily, so we know which checks have cleared
as of the day before. We reissue checks
as necessary.
We also design coupons
for refunds and rebates and provide systems and procedures for coupon redemptions. Like checks, all coupons are designed
with built-in fraud protection.