The Gap to Involve the Banking Cheques into Green Banking: Review and comparison about the contribution of Electronic Clearing Cheque System, Remote Cheque Deposit Service and Electronic Cheque Service in the Green Banking
-
2018-12-03 
https://doi.org/10.14419/ijet.v7i4.38.27873
-
Green Banking, Electronic Clearing Cheque System, Remote Cheque Deposit Service, Electronic Cheque Service, E-Cheque, E-Check -
Abstract
Green banking is going to lead the banking sector into 21st century, which is much needed in saving the world. The purpose of this paper is to address the gap in involving the banking cheques into green banking, by spotting the light on the environmental practices which are applied in Electronic Clearing Cheque System (ECCS), Remote Cheque Deposit Service (RCD) and Electronic Cheque Service (ECS) and the gaps in each. To achieve the purpose reviews and comparison in different aspects have been done which are related to ECCS, RCD and ECS. In addition, to guide the argument about the fact behind the death of paper cheques, especially after launching ECS which changed the direction of this argument. The findings could be used to help the banking in cheques field to go greener through focusing on investing in electronic cheque payment methods and improve the electronic cheque capabilities in the banking sector. Â
Â
Â
-
References
[1] Manohar, B. & Kumar, C. H. V. (2012) Green Banking: "bye-bye cheques, hello electronic payments". Asia Pacific Journal of Management & Entrepreneurship Research. [online] 1(3). P. 60-74. Available from: http://search.proquest.com.ezproxy.apiit.edu.my/docview/1317617166?accountid=46052. [Accessed: 1 october 2017].
[2] Kaur, G. (2016) Green initiatives of banks in India: A paradigm shift. Journal of Commerce and Management Thought. [online] 7(3). P. 488-500. Available from: http://search.proquest.com.ezproxy.apiit.edu.my/docview/1802751513/abstract/24BEE7906459461APQ/1?accountid=46052. [Accessed: 8 October 2017].
[3] Geva, B. (2014) Is the death of the paper cheque upon us? the electronic presentment and deposit of cheques in Canada. Banking & Finance Law Review. [online] 30(1). P. 113-125. Available from: http://search.proquest.com.ezproxy.apiit.edu.my/docview/1628557618?accountid=46052. [Accessed: 9 October 2017].
[4] Leshhib, A. & Melhem, B. (2013) The legal regulation of electronic clearing of cheques and legal relations arising therefrom in the Jordanian low. Dirasat: Ulum al-Shariah wa-al-Qanun.[online] 40 (2) .P .456-473. Available from: https://journals.ju.edu.jo/DirasatLaw/article/viewFile/5430/3460. [Accessed: 18 October 2017].
[5] AL-Refai, M. F. &Nawafleh S. A. (2014) The Impact of Introducing the Electronic Cheques Clearing (ECC) on the Value of Cheques Presented for Clearing and Returned Cheques in Jordan. International Journal of Business and Management. [Online] 9 (4). P. 182-190. Available from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.846.6082&rep=rep1&type=pdf. [Accessed: 2 October 2017].
[6] USBANK (2016) Mobile check deposit with DepositPoint. [online]Available from: https://www.usbank.com/mobile/depositpoint.html. [Accessed: 12 October 2017].
[7] BANK OF AMERICA (2016) Deposit checks easily with Mobile Check Deposit. [online] Available from: http://promo.bankofamerica.com/mobile-check-deposit/. [Accessed: 15 October 2017].
[8] RBC ROYAL BANK (2016) Mobile Cheque Deposit. [online]Available from: http://www.rbcroyalbank.com/mobile/cheque-deposit.html [Accessed: 16 October 2017].
[9] BARCLAYS (2016) Try a new way to pay in cheques with your phone. [online]
Available from: http://www.barclays.co.uk/MobileBankingservices/FutureOfCheques/P1242668989519. [Accessed: 1 October 2017].
[10] Hong Kong monetary authority (2015a) Launch of electronic cheque publicity campaign. [online]. Available from: http://www.hkma.gov.hk/eng/key-information/press-releases/2015/20151123-3.shtml. [Accessed: 12 October 2017].
[11] Hong Kong monetary authority (2015b) Retail Payment Development. [online]. Available from: http://www.hkma.gov.hk/eng/key-functions/international-financial-centre/infrastructure/retail-payment-development.shtml. [Accessed: 12 October 2017].
[12] Hong Kong monetary authority (2015c) Electronic cheque E-Brochure.
[online]. Available from: http://www.hkma.gov.hk/media/eng/doc/key-functions/finanical-infrastructure/infrastructure/retail-payment-initiatives/e-Cheque_e-brochure_Plain_Text_eng.pdf. [Accessed: 13 October 2017].
[13] Alshibly, H.H. (2011) An extended Tam Model to evaluate user's acceptance of electronic cheque clearing systems at Jordanian Commercial Banks. Australian Journal of Basic and Applied Sciences. [online] 5(5). P.147-156. Available from: http://ajbasweb.com/old/ajbas/2011/147-156.pdf [Accessed: 15 October 2017].
[14] COMPUTER WEEKLY, Saran, C. (2014) UK set to establish digital cheques in 2015. [online] Available from: http://www.computerweekly.com/news/2240235484/UK-set-to-establish-digital-cheques-in-2015. [Accessed: 22 October 2017].
[15] Hong Kong monetary authority (2015d) E-Cheque: A new era of payments in Hong Kong. [online]. Available from: http://www.hkma.gov.hk/eng/key-information/insight/20151029.shtml. [Accessed: 26 October 2017].
[16] Vines, J., Dunphy, P., Blythe, M., Lindsay, S., Monk, A. & Olivier, P. (2012) The joy of cheques: trust, paper and eighty somethings. Proceedings of the ACM 2012 conference on Computer Supported Cooperative Work. Washington, 11th February to 15th February 2012. New York: ACM. pp. 147-156.
-
Downloads
-
How to Cite
Mowaffaq Ayed Madarmeh, R. (2018). The Gap to Involve the Banking Cheques into Green Banking: Review and comparison about the contribution of Electronic Clearing Cheque System, Remote Cheque Deposit Service and Electronic Cheque Service in the Green Banking. International Journal of Engineering & Technology, 7(4.38), 1358-1361. https://doi.org/10.14419/ijet.v7i4.38.27873Received date: 2019-02-24
Accepted date: 2019-02-24
Published date: 2018-12-03