electronic check
means of paying electronically a payment system in which fund transfers are made electronically from the buyer's checking account to the seller's bank account.
Related definitions of "electronic check"
- UK term electronic cheque
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means of paying electronically a payment system in which fund transfers are made electronically from the buyer's checking account to the seller's bank account.
In the payments world, there are also many payment instruments and processes, covering cash, checks, and electronic payments, as well as accounts payable and receivable, with all of these differing domestically and internationally. This is why historically the payments world has been such a mess
By Chris Skinner
When the actual payments arrive from the customer, for example, as checks, the cash forecast is updated again, this time with the agreed valuation date at the presenting bank. This example shows just how much transparency in terms of cash flow and risk (according to currency, countries
By Hans-Dieter Scheuermann
Do Do understand the way your company works, using a detailed analysis of banking procedure and taking into consideration: overdraft facilities and investment accounts; the number of monthly transactions; the number of written monthly checks; how customers pay you; the suitability of electronic
online platform (these are offered by specialized service providers). With an online platform all the required data are input in electronic form so that they can be checked by external examiners with authorization to access the information. Clearly, the younger a company is, the fewer materials there may
By Arne-G. Hostrup
Definitions of ’electronic check’ and meaning of ’electronic check’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’electronic check’ and other financial terms with our online QFINANCE Financial Dictionary.