Search results
Results from the WOW.Com Content Network
Cheque volumes continued to grow; in the late 20th century, cheques were the most popular non-cash method for making payments, with billions of them processed each year. Most countries saw cheque volumes peak in the late 1980s or early 1990s, after which electronic payment methods became more popular and the use of cheques declined.
This consists of a major service provided by banks and other financial institutions. Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credits such as letters of credit. With the advent of computers and electronic communications, many alternative electronic payment systems have emerged.
In Ireland and the United Kingdom, similar cards known as cheque guarantee cards were issued by banks to their customers. Topics referred to by the same term This disambiguation page lists articles associated with the title Check card .
This page was last edited on 8 October 2015, at 04:59 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
Coutts & Co. traveller's cheque, for 2 pounds. Issued in London, 1970s. Langmead Collection. On display at the British Museum in London. Traveller's cheques were first issued on 1 January 1772 by the London Credit Exchange Company for use in 90 European cities, [1] and in 1874, Thomas Cook was issuing "circular notes" that operated in the manner of traveller's cheques.
The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks.The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the ...
Cheque truncation (check truncation in American English) is a cheque clearance system that involves the digitization of a physical paper cheque into a substitute electronic form for transmission to the paying bank. The process of cheque clearance, involving data matching and verification, is done using digital images instead of paper copies.