Cheque truncation: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
||
| Line 1: | Line 1: | ||
''Banking''. | ''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. | 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. | ||
| Line 8: | Line 9: | ||
* [[Clearing system]] | * [[Clearing system]] | ||
* [[Truncation]] | * [[Truncation]] | ||
Revision as of 05:37, 3 August 2013
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.
