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Spanish to English translations [PRO]
Bus/Financial - Finance (general) | | Spanish term or phrase: efectos truncados | Service offered by a bank:
Efectos truncados
Si usted dispone de recibos, pagarés o letras entregadas por sus clientes, puede descontar o anticipar su cobro. Sólo introduciendo los datos correspondientes, el Banco X le ingresará en su cuenta el importe de los mismos.
Antícipese los cobros antes de su vencimiento.
Can anyone help me on this term please?
cheers
xx |
| | | Digitized means of payment | Explanation:
yes, the technical term is truncated..meaning scanned: here is the explanation:
Truncation - A Key To Adoption
Another driver - potentially the key driver - for widespread rollouts of check scanning technologies would be the passing of the various check truncation bills currently under congressional review. (They are often generically referred to as "CTA" [Check Truncation Act] or "Check 21," a shorthand version of the bill entitled "Check Clearing for the 21st Century Act.") The check truncation bills are designed primarily **to standardize the exchange of electronic information among banks***, as well as between the Federal Reserve and various check-processing entities. Check truncation as identified in the bills refers to ***the point in the life of a paper check at which it is turned into a digital image***. According to the check truncation proposals, after a check has been truncated, the paper version would no longer need to be routed. Instead, the digital image would become a legal substitute that can be processed, exchanged, and archived as if it were the original paper document.
Check truncation put into law would likely inject urgency into the current trend toward decentralized check scanning. Already, many banks - even community banks - are anticipating the change and installing check scanning systems in their branch locations. If check truncation were to commonly reach the edges of the banking environment, the volume of purchased systems would rise significantly, potentially driving the cost of such systems down. In that scenario, check scanning systems would likely proliferate well beyond the banking industry - making their way into even more retail environments and, perhaps, into the accounting and payment processing activities at companies in other industries. Says Pam Wilson, worldwide director of software product management at document imaging provider Eastman Kodak (Rochester, NY), "Organizations are attracted to truncation technologies because they realize it's much cheaper to handle a digital file that contains hundreds of transactions to be processed rather than handling each individual paper item."
Heiko Oberman, president/CEO of check scanning manufacturer Seac Banche USA, Inc. (Atlanta), cautions that users of check scanning systems will see real cost benefits only when there is widespread buy-in from consumers. "The cost of payment transactions can definitely be lowered by using imaging technologies," says Oberman. "But, volume is necessary. So, organizations will need to fully commit to going in the truncation direction. But, at the same time, they must be careful not to irritate their customers and consumers, who may be only slowly getting comfortable with moving away from using hard copy checks."
Scanning Accuracy - When 100% Really Matters
With or without standardized truncation policies, today's check scanning systems are powerful enough to make their own case for the business benefits of imaging. In addition to incorporating high-resolution digital imaging technologies, they offer sophisticated OCR (optical character recognition), OMR (optical mark recognition), and ICR (intelligent character recognition) functionality, making them capable of handling text, signatures, marks, and numbers.
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Note added at 4 hrs 1 min (2005-04-30 13:57:39 GMT)
--------------------------------------------------
The Internet is bringing the potential for cardless payments in a store using
Digitized Payment systems. How many are there and what do they offer? ...
www.etailersdigest.com/resources/Specials/PDC.htm - 24k - Cached - Similar pages
How to Contact FaithWorks LLC, Fine Custom Embroidery
... Customer Service Hours; Estimates; Customer Supplied Embroidery Designs (not
digitized by FaithWorks); Payment Options; Digitizing Fees ...
www.faithworks-llc.com/Customer_ Service/customer_service.html - 23k - Cached - Similar pages
[PPT] Default.ppt voor ABN AMRO Bank
File Format: Microsoft Powerpoint 97 - View as HTML
... Digitized payment data to expedite research. 14. © ABN AMRO Services Company
2004. © ABN AMRO Services Company 2004. Products in Development ...
www.ehcca.com/presentations/HIPAA9/4_05_3.ppt - Similar pages
Your Handwriting Digitized
... Payment only accepted through: Paypal. Three steps of how it works: ...
I do start with developing your font imidiately if the payment is finished. ...
www.norfok.com/handwriting.htm - 8k - Cached - Similar pages
|
| Selected response from:
Jane Lamb-Ruiz
| Grading comment Thanks for the explanation and references Jane, in the end, I'm going to leave this paragraph heading as "Truncation", as per the reference above.
4 KudoZ points were awarded for this answer |
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
|
51 mins confidence:   peer agreement (net): +2 truncated instruments (bills, notes, drafts)
Explanation:
suerte
--------------------------------------------------
Note added at 1 hr 2 mins (2005-04-30 10:58:20 GMT)
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Negotiable Instruments Act, 1881 - [ Traduzca esta página ]
... by provisions of Negotiable Instruments Act and not by local usage. ...
‘Cheque’ includes electronic image of a truncated cheque and a cheque in ...
dateyvs.com/gener10.htm - 33k - En caché - Páginas similares
THE NEGOTIABLE INSTRUMENTS (AMENDMENT AND MISCELLANEOUS PROVISIONS ... - [ Traduzca esta página ]
... (x) to make the Information Technology Act, 2000 applicable to the Negotiable
Instruments Act,1881 in relation to electronic cheques and truncated ...
indiacode.nic.in/incodis/whatsnew/Negotiable.htm - 38k - En caché - Páginas similares
|   Smartranslators
Local time: 08:36
Specializes in field
Native speaker of:  Spanish
PRO pts in category: 941
|
| |
1 hr confidence: peer agreement (net): +1 negotiable instruments
Explanation:
I think this is what they are referring to.
| Margarita Palatnik
Local time: 03:36
Specializes in field
Native speaker of: Spanish
PRO pts in category: 607
|
| |
4 hrs confidence: Digitized means of payment
Explanation:
yes, the technical term is truncated..meaning scanned: here is the explanation:
Truncation - A Key To Adoption
Another driver - potentially the key driver - for widespread rollouts of check scanning technologies would be the passing of the various check truncation bills currently under congressional review. (They are often generically referred to as "CTA" [Check Truncation Act] or "Check 21," a shorthand version of the bill entitled "Check Clearing for the 21st Century Act.") The check truncation bills are designed primarily **to standardize the exchange of electronic information among banks***, as well as between the Federal Reserve and various check-processing entities. Check truncation as identified in the bills refers to ***the point in the life of a paper check at which it is turned into a digital image***. According to the check truncation proposals, after a check has been truncated, the paper version would no longer need to be routed. Instead, the digital image would become a legal substitute that can be processed, exchanged, and archived as if it were the original paper document.
Check truncation put into law would likely inject urgency into the current trend toward decentralized check scanning. Already, many banks - even community banks - are anticipating the change and installing check scanning systems in their branch locations. If check truncation were to commonly reach the edges of the banking environment, the volume of purchased systems would rise significantly, potentially driving the cost of such systems down. In that scenario, check scanning systems would likely proliferate well beyond the banking industry - making their way into even more retail environments and, perhaps, into the accounting and payment processing activities at companies in other industries. Says Pam Wilson, worldwide director of software product management at document imaging provider Eastman Kodak (Rochester, NY), "Organizations are attracted to truncation technologies because they realize it's much cheaper to handle a digital file that contains hundreds of transactions to be processed rather than handling each individual paper item."
Heiko Oberman, president/CEO of check scanning manufacturer Seac Banche USA, Inc. (Atlanta), cautions that users of check scanning systems will see real cost benefits only when there is widespread buy-in from consumers. "The cost of payment transactions can definitely be lowered by using imaging technologies," says Oberman. "But, volume is necessary. So, organizations will need to fully commit to going in the truncation direction. But, at the same time, they must be careful not to irritate their customers and consumers, who may be only slowly getting comfortable with moving away from using hard copy checks."
Scanning Accuracy - When 100% Really Matters
With or without standardized truncation policies, today's check scanning systems are powerful enough to make their own case for the business benefits of imaging. In addition to incorporating high-resolution digital imaging technologies, they offer sophisticated OCR (optical character recognition), OMR (optical mark recognition), and ICR (intelligent character recognition) functionality, making them capable of handling text, signatures, marks, and numbers.
--------------------------------------------------
Note added at 4 hrs 1 min (2005-04-30 13:57:39 GMT)
--------------------------------------------------
The Internet is bringing the potential for cardless payments in a store using
Digitized Payment systems. How many are there and what do they offer? ...
www.etailersdigest.com/resources/Specials/PDC.htm - 24k - Cached - Similar pages
How to Contact FaithWorks LLC, Fine Custom Embroidery
... Customer Service Hours; Estimates; Customer Supplied Embroidery Designs (not
digitized by FaithWorks); Payment Options; Digitizing Fees ...
www.faithworks-llc.com/Customer_ Service/customer_service.html - 23k - Cached - Similar pages
[PPT] Default.ppt voor ABN AMRO Bank
File Format: Microsoft Powerpoint 97 - View as HTML
... Digitized payment data to expedite research. 14. © ABN AMRO Services Company
2004. © ABN AMRO Services Company 2004. Products in Development ...
www.ehcca.com/presentations/HIPAA9/4_05_3.ppt - Similar pages
Your Handwriting Digitized
... Payment only accepted through: Paypal. Three steps of how it works: ...
I do start with developing your font imidiately if the payment is finished. ...
www.norfok.com/handwriting.htm - 8k - Cached - Similar pages
| Jane Lamb-Ruiz
Specializes in field
Native speaker of:  English, Portuguese
PRO pts in category: 443
|
| | Grading comment | Thanks for the explanation and references Jane, in the end, I'm going to leave this paragraph heading as "Truncation", as per the reference above. |
| | Login to enter a peer comment (or grade) |
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The translation workplace 
