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Tag Archives: lpc
Notice of Important Changes to the Limited Purchase Check Program.
Effective October 1, 2009, the Limited Purchase Check (LPC) program will be restricted to payments to human subjects. After this date, LPC’s cannot be used for anything other than human subjects payments. Please follow this link for more information on … Continue reading
Limited Purchase Checks
The Limited Purchase Check Positive Pay system was made available for “live” production in February 2005. Accounts Payable has since evaluated problem situations related to the positive pay process. On June 6 a new processing fee structure will go into … Continue reading
Limited Purchase Check Positive Pay
In October 2004 many Limited Purchase Check custodians tested a WEB application that would allow them to promptly enter their issued LPC’s into a collective database from which central administration could prepare a positive-pay report for the bank. A few … Continue reading
