


What are the implications of open banking initiatives for cheque and draft processing?
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what is the difference between cheque and draft Informational
- How do mobile payment systems compare to cheques and bank drafts? What are the security features of mobile payment systems?
- How does a bank draft work?
- Is the use of bank drafts increasing or decreasing? What are the regional variations in the usage of cheques and bank drafts?
- What is the definition of a drawee (in the context of a cheque)?
- Are there different types of bank drafts?
- What are the risks associated with accepting a personal cheque from a stranger? Are there similar risks associated with accepting a bank draft from an unfamiliar source?
- How do different jurisdictions cooperate in combating financial crimes related to payment systems? What are the long-term trends in the use of paper-based payment instruments versus electronic methods?
- How long does it typically take for a cheque to clear?
- Are there any fees associated with a cheque?
- Are there secure methods for using bank drafts for online payments?
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