electronic check

electronic check definition - business

electronic check

An electronic file that substitutes for and contains all of the relevant information of a paper check. Merchants are permitted to use a paper check as a source of information to make one-time electronic payments from a customer's account. Also called e check.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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