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Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type ...
the identification of the telephone exchange or equipment writing the record. a unique sequence number identifying the record. additional digits on the called number used to route or charge the call. the disposition or the results of the call, indicating, for example, whether or not the call was connected. the route by which the call entered ...
A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are numbered and indicate the period covered by the statement, and may contain other relevant information ...
Telephone banking. Telephone banking is a service provided by a bank or other financial institution that enables customers to perform over the telephone a range of financial transactions that do not involve cash or financial instruments (such as checks) without the need to visit a bank branch or ATM .
ChexSystems is a specialty consumer reporting agency that tracks consumers’ deposit and debit history, similar to a credit bureau. Overdraft fees are a major contributor to negative reports on ...
An automated teller machine ( ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
Rothbard, Murray N., History of Money and Banking in the United States.Full text (510 pages) in pdf format, A libertarian interpretation; Schweikart, Larry, ed. Banking and Finance to 1913 (1990), an encyclopedia with short articles by experts Schweikart, Larry, ed. Banking and Finance, 1913-1989 (1990), an encyclopedia with short articles by ...
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits ...