What system allows a bank to verify checks presented for payment against a list of approved checks?

The system that allows a bank to verify checks presented for payment against a list of approved checks is known as positive pay. This process involves the account holder providing the bank with a list of checks that have been issued, including details such as check numbers and amounts. When a check is presented for payment, the bank cross-references it against this list. If the check matches the parameters laid out in the provided list, it is approved for payment. If it does not match, the bank can flag it for further review, preventing potential fraudulent activities, such as altered or unauthorized checks from being cashed.

Other options, while they may sound similar, do not have the specific function of verifying checks against an approved list in the same manner. Verification control could imply a broader range of checks and balances within banking operations but does not specifically reference the matched approval system of positive pay. Payment patrol and check matching do not refer to widely recognized systems in banking analogous to positive pay, thereby lacking the critical function of preventative fraud measures that positive pay encompasses.