The Federal Reserve Bank of Chicago says a digital check is a type of electronic payment order. Smartphone users can purchase digital check software that allows them to create virtual checks that are the electronic equivalent of paper checks. Digital checks eliminate the cost of printing and processing paper checks. Plus, the time required to process a transaction is usually less than for physical checks.
Writing a Digital Check
Based in Atlanta, Georgia, W D Adkins has been writing professionally since 2008. He writes about business, personal finance and careers. Adkins holds master's degrees in history and sociology from Georgia State University. He became a member of the Society of Professional Journalists in 2009.