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Regional Check Processing Center |
Also found in: Acronyms | 0.04 sec. |
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Regional Check Processing Center (RCPC) A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis. Regional Check Processing Center A center run by a Federal Reserve Bank that expedites the settlement of checks. A regional check processing center processes and delivers checks to the appropriate bank on the same day it receives them, which helps money move through the economy more smoothly. A regional check processing center handles corporate checks, personal checks, food stamps, money orders, and checks drawn on the U.S. Treasury. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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