Going forward, it will also be possible to validate the cheque at source either through self-service or at presenting bank
using the Quick Response (QR) code," the bank said.
The process of clearing will not change except that the exchange of physical cheques will be eliminated and replaced by the digital images of the cheques which will be transmitted electronically by the presenting bank
to the paying bank through the Clearing House.
Contractors generally get 20 percent of project costs in the first installments that they receive on presenting bank
Evans has tried out for Radio 2 over the past few months by presenting Bank
Holiday specials and co-hosting its Live 8 coverage.
Simons Professor of Business at the University of Kentucky for the last 33 years, says he was teaching a marketing class at the ABA Stonier Graduate School of Banking in 1971 when he received an invitation to act as a teaching "resource" for bankers who were presenting bank
marketing case studies at the Bank Marketing School, which had only recently moved to Colorado.
A presenting bank
and a paying bank may agree that presentment takes place when the paying bank receives an electronic transmission of information describing the check rather than upon delivery of the physical check.
The ICC claims that the data verifies trade finance as presenting banks
with little credit risk.