Electronic check conversion

nouncandidate·updated May 9, 2026

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The process by which a check is used as a source of information for the check number, the customer's account number, and the number that identifies the financial institution. The information is used to make a one-time electronic payment from the customer's account -- an electronic fund transfer. The check itself is not the method of payment.

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Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →

§1: The process by which a check is used as a source of information for the check number, the customer's account number, and the number that identifies the financial institution. The information is used to make a one-time electronic payment from the customer's account -- an electronic fund transfer. The check itself is not the method of payment.