Question

by seeing cheque write any 6 aspects that we can know about financial transaction

Answer 1

A check verification service provides
businesses or individuals with either the
ability to check the validity of the actual check
or draft being presented, or the ability to
verify the history of the account holder, or
both.
There are a number of different methods that
can be used to provide the service, these
include checking different databases with
negative or account history, checking that
routing and account numbers are valid using
algorithms, or contacting the bank that issued
the check to get confirmation about the
account status. As well as the banks
themselves, there are a number of third party
companies in the US that provide check
verification services.
Check verification services have been most
common in the United States, in Europe a
cheque guarantee system operated for a
number of years that could be used by
merchants until the usage of cheques declined
to the point where it was no longer necessary.
Outside the US the decline in check usage in
favour of debit cards and credit cards has
meant that cheques are rarely accepted by
merchants anymore and so cheque verification
services have not been needed.