A POC is negotiating any check for which Treasury has put under a stop payment order.
For example, when Treasury cancels the original check, issues a courtesy disbursement
check, and the original is later cashed, this is a possible POC.
Due to updates to Treasury regulations, the FI must take reasonable measures to avoid
POCs or the FI will be liable for the negotiated check payment. Treasury upgraded
its post payment system to provide check return information to financial institutions
(FI) and ensure they have current and accurate check information. This update will
help reduce monetary losses arising from situations when Treasury puts a stop payment
on a check, but the FI still negotiates payment on that check. Additionally, Treasury
will no longer charge the issuing agency (SSA) in POC situations...[BT1] [BT1] This
is based on EM -23074 SEN REV