Question

Transacting The Depository Way is More Advantageous Than Transacting

The Traditional Way'.​

Answer 1

Answer:

Offer a traditional and known payment system

Address those clients or vendors that still prefer a check payments system.

Receive funds in a shorter time.

An eCheck can clear your account in one to two business days, depending on the bank or time it’s sent.

Integrates with Due’s entire payments and banking system.

Use eChecks with your Due eBank account, digital wallet, and online invoicing system for a complete solution for your small business or personal finances.

Use Due’s eCheck System for Business and Personal Payments

You can use eChecks to pay or receive payments from anyone across the globe. It’s a safe, secure, and convenient way to send and receive money without fees. The money can be put in your bank account or Due digital wallet. This provides you with another way to attract customers or handle your own finances in an effective way.

Next-generation digital payment technology

All personal and financial data is encrypted and protected on Due's secure servers for all eCheck transactions and follows all payment standards that have been established by financial institutions across the country.

Our next-generation digital payment technology guards against any type of unauthorized transaction. If you believe that there has been unauthorized activity, please contact us immediately [email protected]. We are here to help you.

If you have lost your phone or believe it is being used in an unauthorized way, you can visit Passwords & Authorizations within your online account settings.

Only use your Due payment system with people you know. For more information, please see our User Agreement.

Answer 2

Transacting the depository way is more advantageous than transacting the traditional way is correct.

• It is a mechanism in which the transfer and settlement of scripts takes place not by the conventional process of transferring transactions and physical distribution of scripts.
• It is followed by the new system of transferring ownership of securities by means of book entries on the ledgers or the depository without the physical movement of scripts

It is advantageous as -

1. It reduces paper work

2. It saves time as there is an instant transfer.

3. There is an elimination of bad deliveries.

4. There is no stamp duty on the transfer of securities.

5. Increased scripting liquidity by prompt settlement and reduction of registration delays.