Explain What Is Meant by Speed-Rapid Execution, Response, and Delivery

question 126

Essay

Explain what is meant by speed-rapid execution, response, and delivery of results.

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Definitions:

Electronic Check

A digital version or representation of a paper check, used to make electronic payments directly from a checking account.

Checking Account

A bank account that allows the account holder to withdraw funds, write checks, and make electronic transactions.

Via The Internet

The process or method of accessing information or services using the internet.

Traveler's Checks

Preprinted, fixed-amount checks designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.