Showing posts with label cheque. Show all posts
Showing posts with label cheque. Show all posts

Sunday, 8 September 2013

Merits and Demerits of Electronic Cheque

The only distinction between traditional paper cheques and electronic cheques is that e-cheque is a web and virtual version. Conversion here suggests that reworking the paper cheque to associate electronic one. the knowledge given by you in paper cheque is employed for extracting bank name, payer’s name, account variety and alternative such data. Once this can be done, there's one time electronic cash dealing from your account to beneficiary. Merits...