Cheque truncation: Difference between revisions
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imported>Doug Williamson (Classify page.) |
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The process by which essential information contained on a conventional paper cheque is captured electronically and the electronic information, not the paper cheque, is sent through the clearing system. | The process by which essential information contained on a conventional paper cheque is captured electronically and the electronic information, not the paper cheque, is sent through the clearing system. | ||
== See also == | == See also == | ||
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* [[Clearing system]] | * [[Clearing system]] | ||
* [[Truncation]] | * [[Truncation]] | ||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 19:04, 27 June 2022
Banking.
The process by which essential information contained on a conventional paper cheque is captured electronically and the electronic information, not the paper cheque, is sent through the clearing system.
