Explain electronics cheque.
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definition of E-cheque.
__ An electronic version or representation of a paper cheque. The account holder writes an E-check (or E- cheque) using a computer or other type of electronic device and transmits the E-cheque to the payee electronically.
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Electronic Cheques. An electronic cheque is an electronic copy (scanned image) of a real cheque, which is then transferred by email. In addition to the cheque's 'real' signature, the transfer must be digitally signed using the sender's private key to authenticate the transfer.
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