The Impact of Introducing the Electronic Cheques Clearing (ECC) on the Value of Cheques Presented for Clearing and Returned Cheques in Jordan

Mahmoud F. AL-Refai, Sahem A. Nawafleh

Abstract


This study aims to measure the impact of introducing the Electronic Cheques Clearing (ECC) system in theCentral Bank of Jordan on the value of Cheques Presented for Clearing and ReturnedCheques. The studyanalyzed the difference between two samples’ averages: the first one, addresses the changes before theintroduction of the (ECC), while the other is after the introduction of the (ECC) to determine if there is adifference in the value of cheques presented for clearing in the Central Bank of Jordan after the introduction ofthe electronic clearing system, and whether there was a difference between the value of returned cheques afterthe introduction of this system.

The study found that there is a significant difference between value-mean of cheques presented for clearingbefore the introduction of the electronic clearing system and value-mean of cheques presented for clearing afterthe introduction of the system. It was also found that the existence of significant difference between value meanof returned cheques before the introduction of the electronic clearing system and value mean of returned afterthe introduction of the system.

Through the derived results in this study, it is clear that the use of an electronic clearing system as an alternativeto the manual clearing system has contributed to the increase in the value of checks presented for clearing andincrease the value of returned checks.


Full Text: PDF DOI: 10.5539/ijbm.v9n4p182

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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