Question

What is also called a remotely created cheque

Answer 1

A closely related transaction to electronic check conversion, in that there is an authorization to debit an account, is the RCC. [1] An RCC does not bear the signature of a person on whose account the check is drawn. In place of the signature, the RCC bears the account holder's printed or typed name or a statement that the account holder authorized the check. [2] The account holder can authorize the creation of an RCC by telephone by providing the appropriate information, including the MICR data. Common examples of RCCs are those created by a credit card company, utility company, or telemarketer. RCCs may be processed through the check clearing networks or converted and processed as an ACH debit.