4. How does the ECACH differ from the traditional cheque clearing process?

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4. How does the ECACH differ from the traditional cheque clearing process?

4. How does the ECACH differ from the traditional cheque clearing process?

The ECACH is the electronic exchange of the cheque image whereas the traditional clearing process is a manual exchange of the physical cheque.

The ECACH will clear cheques by the next business traditional clearing took up to three (3) business days; customers must ensure that sufficient

By Matt Render|June 25th, 2014||Comments Off