With diagram explain how electronic check works?
|NU Year||Set: 4.(b) Marks: 5 Year: 2017|
The process works like this: the check writer “writes” the eCheck using one of many types of electronic devices and “gives” the eCheck to the payee electronically. the payee “deposits” the Electronic Check, receives credit, and the payee's bank “clears” the eCheck to the paying bank.
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