electronic check
1Electronic Check Processing — (ECP) is an electronic payment process designed to accommodate the requirements of various consumer and corporate payment applications without the need for a paper check. For consumers, eCheck processing directly debits consumers bank accounts… …
2Electronic Check Council — The Electronic Check Council (ECC) is an organization that provides a forum for stakeholders of NACHA The Electronic Payments Association to design, propose, monitor, and promote solutions that enable the conversion of paper checks to electronic… …
3Electronic Check Presentment - ECP — A process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of of the check cashing process. The signing of the Check Clearing for the 21st Century Act by President Bush permitted the… …
4Electronic Check — A form of payment made via the internet that is designed to perform the same function as a conventional paper check. Because the check is in an electronic format, it can be processed in fewer steps and has more security features than a standard… …
5electronic check-out scanner — noun → check out scanner. Also, electronic checkout scanner …
6Electronic Check Clearing House Organisation — A US organisation formed in 1990 to provide a forum for organisations involved in electronic cheque presentation (ECP). Current (1992) membership stands at 60 medium and large US banks …
7Check Conversion — A reformatting service offered by banking merchants. Check conversion allows banks to convert paper checks into electronic ones and then send them to the appropriate receiving bank. The electronic check is forwarded on via the automated clearing… …
8Electronic Payment Exchange — Headquartered in Wilmington, Delaware and with offices in Phoenix, Arizona, payment processor [http://www.epx.com/index.html Electronic Payment Exchange (EPX)] emerged as a division of a local bank headquartered in Wilmington, Delaware. The… …
9check-out scanner — /ˈtʃɛk aʊt skænə/ (say chek owt skanuh) noun a barcode reader at the check out of a supermarket or other store which records the prices of the items purchased. Also, checkout scanner, electronic check out scanner. –check out scanning, noun …
10Electronic Cheque Presentation — Is the electronic transmission of MICR information. This technique greatly accelerates the processing of cheques in a clearing house. ECP relies on sophisticated imaging processing techniques to read the paper cheques and then EDI to transmit… …
