What is echeck technology?
eCheck technology is software and hardware developed by FSTC members to: + minimize start up expenses + apply universal industry standards + provide ubiquity for participants eChecks are based on: + the Financial Services Markup Language (FSML) + strong digital signatures using any available algorithm + secure hardware tokens such as smartcards + digital certificates + banking and business practices eChecks are designed to leverage technology capabilities that were not available as recently as three years ago. As technology continues to evolve, the FSTC will capitalize on new developments by integrating significant break-through technologies into the echeck’s open architecture.
eCheck technology is software and hardware developed by FSTC members to: • minimize start up expenses • apply universal industry standards • provide ubiquity for participants eChecks are based on: • the Financial Services Markup Language (FSML) • strong digital signatures using any available algorithm • secure hardware tokens such as smartcards • digital certificates • banking and business practices eChecks are designed to leverage technology capabilities that were not available as recently as three years ago. As technology continues to evolve, the FSTC will capitalize on new developments by integrating significant break-through technologies into the echeck’s open architecture.
