Cheque truncation
id:
cheque-truncation-241-15285476
title:
Cheque truncation
text:
Cheque truncation is a cheque clearance system that involves the digitization of a physical paper cheque into a substitute electronic form for transmission to the paying bank. The process of cheque clearance, involving data matching and verification, is done using digital images instead of paper copies. Cheque truncation reduces or eliminates the physical movement of paper cheques and reduces the time and cost of cheque clearance. Cheque truncation also offers the potential reduction in settleme
brand slug:
wiki
category slug:
encyclopedia
description:
Process of scanning cheques to produce their electronic copies
original url:
https://en.wikipedia.org/wiki/Cheque_truncation
date created:
date modified:
2023-04-25T21:38:52Z
main entity:
{"identifier":"Q5091763","url":"https://www.wikidata.org/entity/Q5091763"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/7/7f/Subcheck_FRONT.png","width":428,"height":193}
fields total:
13
integrity:
15