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Netcheque
Last modified: Tuesday, October 21, 2008
Developed at the Information Sciences Institute of the University of Southern California. Registered users may write checks to other registered users through e-mail or other networkprotocols. When the check is deposited, it authorizes the transfer of funds from the issuer's account to the receiver's account. All information is kept on a netcheque server, which is responsible for keeping accounts for customers, approving payments, and making the necessary changes in client accounts.
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