Electronic Check Clearing
In May 2012, Benefit started running the nation's check truncation system. Thus, enabling 29 banks in the Kingdom to settle checks the same day.
Read more about this topic: The Benefit Company
Famous quotes containing the words electronic, check and/or clearing:
“The war was won on both sides: by the Vietnamese on the ground, by the Americans in the electronic mental space. And if the one side won an ideological and political victory, the other made Apocalypse Now and that has gone right around the world.”
—Jean Baudrillard (b. 1929)
“He took control of me for forty-five minutes. This time I’ll have control over him for the rest of his life. If he gets out fifteen years from now, I’ll know. I’ll check on him every three months through police computers. If he makes one mistake he’s going down again. I’ll make sure. I’m his worst enemy now.”
—Elizabeth Wilson, U.S. crime victim. As quoted in People magazine, p. 88 (May 31, 1993)
“We should conserve evil just as we should conserve the forests. It is true that by thinning and clearing the forests the earth grew warmer.”
—Friedrich Nietzsche (1844–1900)