Electronic ________ is a system in which funds are electronically transferred from a customer's checking account,eliminating the need to process a paper check.

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Electronic check conversion is the process by which a paper check is converted into an electronic payment transaction. The funds are electronically transferred from the customer's checking account, eliminating the need to process a paper check. Fund transfer refers to moving funds electronically between bank accounts, which can include wire transfers and online banking transfers. Check transfer and teller system are not accurate descriptions of this process.

Electronic ________ Is a System in Which Funds Are Electronically