Cheque Truncation

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August 31, 2024 4 min read Definitions
Cheque Truncation: Digital Transformation of Paper Cheques
Banking Finance Cheque Truncation Digital Banking Electronic Payments Substitute Cheque Financial Technology
Understanding the process, significance, and impact of converting paper cheques into digital formats for electronic transmission.
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August 31, 2024 4 min read Definitions
Substitute Cheque: An Integral Component of Modern Banking
Banking Finance Technology Substitute Cheque Cheque Truncation Banking Technology Financial Instruments Digital Banking
A Substitute Cheque, also known as an Image Replacement Document (IRD), is a paper copy of an original cheque that is created digitally as part of the cheque truncation process.
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