Cheque truncation
CHECK SCANNING TO OBVIATE PAPER DELIVERY TO THE CHECK'S BANK
Truncation (banking); Check truncation
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.