Define: Regional Processing Centre
Regional Processing Centre means a designated location where checks, or their images, are sent by a client for clearing by a bank
Regional Processing Centre means a designated location where checks, or their images, are sent by a client for clearing by a bank.
Relevant Circumstances
- When outsourcing financial transaction processing
- During setup or management of payment systems
- Banking operations involving check or money order handling
Relevant Sectors
- Banking and Finance
- Payment Processing