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Cheque truncation was introduced in various countries, starting in the 1990s, to allow electronic images to be made of physical cheques, for electronic clearance. The legalisation of remote deposit made it possible for businesses and bank customers to deposit cheques without delivering them to their own banks.
v. t. e. In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another.
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits.
A sensitive compartmented information facility ( SCIF / skɪf / ), in United States military, national security/national defense and intelligence parlance, is an enclosed area within a building that is used to process sensitive compartmented information (SCI) types of classified information .
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Sensitive compartmented information. Sensitive compartmented information ( SCI) is a type of United States classified information concerning or derived from sensitive intelligence sources, methods, or analytical processes. All SCI must be handled within formal access control systems established by the Director of National Intelligence.