Is the Death of the Paper Cheque Upon Us? The Electronic Presentment and Deposit of Cheques in Canada.

The article offers information on the need, benefits and significance of the electronification of the cheque transaction process in Canada. It discusses the rffectiveness of the Canadian Payments Association (CPA) Rules in assisting Canadian deposit-taking financial institutions for clearing cheques and electronic payments with reference to the Bills of Exchange Act (BEA).