Electronic Cheque Presentation
- Electronic 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 the MICR data between the clearing house participants. See also
Electronic Check Clearing House Organisation.
International financial encyclopaedia .
2014.
Look at other dictionaries:
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