When the bill payment time arrives, the receivers of the billing information are accessed in the account system and the invoice contents are e-check. The e-check contains information such as the name, amount, history, and account information of the creditor, similar to a paper draw. Signing e-stamp signatures of the debtor smart card-shaped e-checkbook is entering and making it available. This card guarantees that the debts are peculiar. The e-check encrypts the electronic signature and adds a copy of the invoice to the e-cigarette and accumulates the cipher to prevent the attacker from changing the original bill. The invoice format is not fixed, but the borrower can add the necessary details to the document from the payee for flexibility in length, format and content points. With this feature, the creditor can send out payment information without error. The signed e-check and invoice are sent to the creditor via e-mail web shopping.
The creditor will e-check and sign the debtor’s signature against the invoice, break down the invoice and calculate the receivables. The creditor e-checkbook enters the PIN code to decrypt the password, uses the e-checkbook for the e-check turnover and e-checks sign the electronic account statements. Revenue is sent to the creditor’s bank for e-check, payment and subsequent clearing. Ease the swap process, follow up existing electronics or other systems or integrate them into the system. Banks of both debtor and creditor are applying a two-tiered method by signing the signing certificate of the signer of the signature on e-check and the signing certificate for endorsement and signing it to the signer’s bank account. The paying bank confirms whether the copy of the e-check has been sent, verifies the validity of the debts and accounts, and e-mails it to the demand account of the debts. As a result, the borrower includes a full description of the transaction, the deed seen in the deed, because the rest of the e-check can only be understood by special devices. The e-checks are designed within these technologies, with a clear key authorization document, sufficient confirmation and denial features to protect against fraud. In addition, paper check accounts to protect against fraud, e-checks, use different bank account numbers only for cryptographically signed e-checks. E-check technology is in line with export policies related to encryption technology, and a cryptographic system is not necessary to prevent fraud. E-checks can be encrypted on any transmission line using encryption technology that is compatible with regulations that govern each conditional because of privacy. In addition, the debtor and his lenders are no longer allowed to perform unbundled and unidentified transactions with banks, but certain e-checks are legal regulations for specific economic status reports.
The use of e-checks is important in terms of reducing the time, cost and errors in the collection of checks for all parties, ie the creditor, the debtor, the bank. The e-check application provides the coordination of the current commercial activities with the latest technologies. Since it is compatible with the latest technologies, it supports many business models used today. The e-check system, however, creates a leverage effect in today’s banking system. Paper checks are a means of facilitating trade, while e-check facilitates the trading life of e-commerce. E-checks are creating a leverage effect on multiple new technologies as well as a step for the widespread use of other new products and services. At the same time, e-checks are integrated into today’s business practices through paper check processes. The e-check system’s methods and processes are clear and clear, making it easy for banks to be a new payment instrument within the financial system because they can be easily understood by its customers, easy to use and at the same time highly secure. E-Check has important new features. It is possible to list these new features under the following headings; Ability to manage bank transactions, even if insufficient security is not yet available through the use of the Internet; Unlimited but controlled information carrying capacity; Reduction of fraud losses for all parties; Automatic validation and content verification; Easy control features such as reconciliation and stoppage of payments; It has advanced capabilities such as effective dating. The e-check system can be used by all account holders, small or large, in place of other electronic payment solutions that are very risky or unsuitable. Considering the technologies used in the e-check system, it seems that it is the safest payment tool available today. Due to its support for online and offline systems and its dependence on continuous approval mechanism, the e-check system ensures the safe and rapid liquidation of financial debts. The e-check system is actually the most advantageous aspect in terms of the parties that can be used with existing check accounts. Because, for those involved in the financial system, there is always a cost element at the forefront of priorities. In addition, system participants may be reluctant to change existing systems. From this point of view, it is possible to regard the e-check system as a system that improves the existing paper check system. The e-check system can be accepted by various hardware platforms and software applications. The importance of the e-check system can be summarized as follows; A new payment alternative for business life, Present, realistic and working, Applicable among multiple suppliers, Developing and adapting current business conventions, It is a system that allows the concept of control to be accepted widely in the 21st century.