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Question
Image-based cheque clearing system where the image of the cheque is sent electronically _____________.
Image-based cheque clearing system where the image of the cheque is sent electronically _____________.
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Solution
The correct option is D CTS
Image-based cheque clearing system where the image of the cheque is sent electronically is known as CTS. The Cheque Truncation System( CTS) can be defined as a process of stopping flow of physical cheque in which electronic image of the instrument is presented during the time of clearing.
Image-based cheque clearing system where the image of the cheque is sent electronically is known as CTS. The Cheque Truncation System( CTS) can be defined as a process of stopping flow of physical cheque in which electronic image of the instrument is presented during the time of clearing.
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