User talk:Kundangulu

E_Cheques

At present cheques are being issued in paper form. New idea is to write cheques in the same way but such cheques must be scanned and the scanned images will be sent to the drawee bank by the drawer immediately on writing of the cheques but before the cheques being delivered to the respective payees. Special software is used to send the scanned images to the drawee bank where the drawer is maintaining his accounts.

The cheques are being presented to the drawee banker by the collecting banker or payee banker. Presently some countries are sending the scanned images called truncation to the drawee banker cheques collection centre but the physical form of such cheques are being retained with the collecting banker themselves.

Once the images are being received by the paying banker, the computer will match the image of the presented cheques with images already sent by the drawer/customer of the cheques.

So if the cheques were forged during the time from the customer desk to the bankers' desk, computer will reject the payment otherwise it will pass the cheques for payment.

On security concern, defrauding, forging, altering cannot be possible. But customers must have access to scanners, computers etc. Initially it may face some cliches but time advances it will be done easily