Define: Electronic Deposit
Electronic Deposit means a transmitted set of information or a file enabling deposit, processing, and collection of a check image, meeting all necessary requirements
Electronic Deposit means a transmitted set of information or a file enabling deposit, processing, and collection of a check image, meeting all necessary requirements.
Relevant Circumstances
- Online sales transactions
- Enabling digital payments for goods or services
- Virtual banking or fintech operations
- Contractual agreements where electronic funds transfer is stipulated