e-check
Electronic bank payment
An e-check is an electronic version of a paper check, allowing funds to be transferred directly from a bank account through digital channels.
The payment method uses the same account and routing numbers as traditional checks but processes online: The utility company accepts e-checks for bill payment.
Also written as echeck or electronic check.
Path selection process
- depositPlace for safekeeping
- withdrawalAct of taking away
- fundsAvailable financial resources
- clearingTreeless space in forest
settlement · payee · payer · account · transaction · NSF · overdraft · bounced
Converting data into code
- fintechTech-driven monetary services
- cybersecurityProtection of digital systems
- APISoftware communication standard
- SSLWeb encryption protocol
tokenization · firewall · authentication · software · portal · integration
Happening repeatedly over time
- automaticOperating without intervention
- subscriptionPaid recurring access
- billingCharging for services rendered
- invoiceItemized billing statement
rent · utility · merchant · vendor · online · paperless · ecommerce · checkout
Confirming genuine identity
- validationConfirming truth or accuracy
- identityWho someone is
- signatureHandwritten name for verification
- complianceAdhering to requirements
authorization · confirmation · endorsement · certification · proof · audit · regulations · legality
routing
Path selection process
- depositPlace for safekeeping
- withdrawalAct of taking away
- fundsAvailable financial resources
clearing · settlement · payee · payer · account · transaction · NSF · overdraft · bounced · checkbook
encryption
Converting data into code
- fintechTech-driven monetary services
- cybersecurityProtection of digital systems
- APISoftware communication standard
SSL · tokenization · firewall · authentication · software · portal · integration
recurring
Happening repeatedly over time
- automaticOperating without intervention
- subscriptionPaid recurring access
- billingCharging for services rendered
invoice · rent · utility · merchant · vendor · online · paperless · ecommerce · checkout · installment
authentication
Confirming genuine identity
- validationConfirming truth or accuracy
- identityWho someone is
- signatureHandwritten name for verification
compliance · authorization · confirmation · endorsement · certification · proof · audit · regulations · legality · processing
- Payment Methodscash, credit card, debit card, cheque, wire transfer
- checkspaycheck, preflight, final review, checkup, checklist
- Digital Paymentsonline payment, e-payment, mobile payment, contactless payment, digital wallet
e-checkcash
Ready spending funds
coins · cash payment · banknotes · cash on delivery · paper money