On payday,employers can designate their banks to electronically transfer funds from the business' checking account to the employees' checking account.This represents an example of an):

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This represents an example of direct deposit, where employers electronically transfer funds from their business' checking account to employees' checking accounts on payday. A debit card system involves the use of a card issued by a financial institution, while check kiting refers to an illegal practice of writing checks from accounts with insufficient funds. Electronic check conversion allows merchants to convert paper checks into electronic transactions for processing.

On Payday,employers Can Designate Their Banks to Electronically Transfer Funds