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A digital check, also known as an electronic check, refers to a check that is sent over the Internet. A digital check is intended to perform the same function as a paper check, but it often entails more security features.
What Makes It Digital
A digital check refers to a check that is sent from one person to another via the World Wide Web. There is no paper, or physical basis, to the check.
Processing
Since a digital check is in an electronic format, the transaction can be carried out in a few steps. Using digital checks is a quicker payment method than using traditional paper checks.
Security
There are more security features used on a digital check than a paper check including authentication, public key cryptography, digital signatures and encryption.
Funds
The funds for a digital check are drawn directly from a person's checking account, just as they are with traditional checks.
Convenience
Digital checks allow you to shop directly from your home over the Internet without using a credit card.
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