Direct send: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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An alternative to other cheque clearing processes in which banks send cash letters directly to a non-local federal reserve or the paying bank. | An alternative to other cheque clearing processes in which banks send cash letters directly to a non-local federal reserve or the paying bank. | ||
== See also == | == See also == | ||
* [[Cash letter]] | * [[Cash letter]] | ||
* [[Cheque clearing]] | * [[Cheque clearing]] | ||
* [[Payments and payment systems]] | |||
Revision as of 16:29, 29 November 2014
Banking.
An alternative to other cheque clearing processes in which banks send cash letters directly to a non-local federal reserve or the paying bank.
