This section contains 76 words (approx. 1 page at 300 words per page) |
A digital check is simply the electronic version of a paper check and works the same way that a paper check works. When a customer pays a merchant with a digital check, the check information, including the check's routing number, account number, and check number, is sent to the clearing network and the transaction is settled electronically. Digital checks can be processed more quickly and at less cost compared to paper checks.
This section contains 76 words (approx. 1 page at 300 words per page) |