Cheque truncation: Difference between revisions

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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.


See also