How does the clearing system handle cheques with "without recourse" endorsements?
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what is the difference between cheque and draft Informational
- What are the regulatory challenges associated with new and emerging payment technologies?
- Are there different processing times for bank drafts? What is the impact of cheque truncation on the clearing process?
- What information is typically included on a cheque?
- Is a money order similar to a cheque or a draft? How does a payment order differ from a cheque and a draft?
- What is the risk of fraud associated with bank drafts? How can you verify the authenticity of a cheque?
- How are disputes related to bank drafts resolved?
- What are the common types of scams involving cheques and bank drafts that consumers should be aware of? How can individuals and businesses stay informed about the latest payment scams?
- What is the role of the purchaser in a draft? What is the role of the payee in a cheque?
- What is a blank endorsement on a cheque? Can a bank draft have a blank endorsement?
- Is it advisable to send a bank draft through the mail?
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