What is another word for cheque truncation?
Pronunciation: [t͡ʃˈɛk tɹʌnkˈe͡ɪʃən] (IPA) 
Cheque truncation, or the process of clearing cheques electronically without the need for physical documents, can be described by a number of synonyms. One term commonly used is Cheque Truncation System (CTS), which is used in countries like India, Pakistan, and Bangladesh where cheque truncation has been adopted as a standard process. Other synonyms include Electronic Cheque Processing (ECP), Image-based Clearing System (ICS), and Remote Deposit Capture (RDC), which emphasize the electronic and imaging aspects of the process. Regardless of the terminology used, cheque truncation has revolutionized the way cheques are cleared and processed, making transactions faster, more efficient, and more secure.
