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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3287 |
Essay's paper body
The Payor (1) writes a check to the Payee (2), who deposits it with a teller (3) at a bank. The teller electronically withdraws funds from the payor's bank and makes a deposit to the payee's account. The check is scanned into a database by the teller and compiled electronically into a ledger. The electronic ledger is sent daily, automatically to each bank the branch has accepted checks from...
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The teller electronically withdraws funds from the payor's bank and makes a deposit to the payee's account. The check is scanned into a database by the teller and compiled electronically into a ledger. The electronic ledger is sent daily, automatically to each bank the branch has accepted checks from...
Essay fragment
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