ISC Introduces Electronic Check Payment Platform 

Informatics Services Corporation, affiliated to the Central Bank of Iran, has unveiled its digital check payment platform, called Checkad, as a vastly improved replacement for paper checks now in use. 
The platform was unveiled to the public on the sidelines of the 7th Iran Transaction Conference on Tuesday in Tehran. "Paper checks are usually vulnerable to risks including physical damage…they might be lost or forged. The new platform is designed to address the shortcomings of paper checks," Ashkan Rahmani, the ISC official said, the company's website reported. 
An electronic check, or e-check, is a form of payment via the Internet, or another data network, designed to perform the same function as a conventional paper check. As the check is in an electronic format it is processed faster.