4) A company using positive pay wants to improve its speed of response and the accuracy of the positive pay method. Which of the following would allow the treasury professional to make these critical pay/no-pay decisions in the MOST timely manner?

a. Full reconciliation

b. Purchasing cards

c. Imaging services

d. Photocopies of checks

5) Which is a primary reason to use a wholesale lockbox?

a. Remittance payments are primarily in electronic formats

b. The remittance information does not include a standardized remittance coupon

c. Remittance information is machine readable justifying the cost of the equipment

d. The firm receives a high volume of C2B payments

6) All of the following may be used to initiate a stop payment EXCEPT

a. telephone.

b. high-order prefix.

c. electronic message.

d. letter.