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 == | ||
Revision as of 13:51, 6 May 2016
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.
