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)
“Experience was to be taken as showing that one might get a five-pound note as one got a light for a cigarette; but one had to check the friendly impulse to ask for it in the same way.”
—Henry James (1843–1916)
“He had a whole heaven and horizon to himself, and the sun seemed to be journeying over his clearing only the livelong day.”
—Henry David Thoreau (1817–1862)