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Are most banks interlinked by computers allowing immediate processing of any check?
Wiki User
∙ 6y ago
Most banks are interlinked by computers but check processing does not happen immediately. Unless the check that is being presented was issued by the same bank/branch where it is presented, a check will take 2 to 5 days for payment. Only the same bank/branch checks get cashed the same day.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoIt depends on what kind of check you are talking about here. If it is a same bank check from the same city, then the processing is immediate. If it is a same bank check from another city but within the same country, processing is usually the same business day. If it is another bank then the processing usually takes 2-3 business days.
Banks maybe connected to their own branches but not to other banks.
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Features of computer that makes it an excellent tool for data processing?
Computers excel at data processing due to several key features: Speed: Computers can process large volumes of data at incredibly high speeds, completing tasks in fractions of a second that would take humans much longer to perform manually. Accuracy: Computers perform calculations and data manipulations with a high degree of accuracy, minimizing errors that may occur during manual processing. Storage Capacity: Computers have significant storage capacity, allowing them to store vast amounts of data for processing, analysis, and future reference. Automation: Computers can automate repetitive tasks involved in data processing, freeing up human resources for more complex and creative endeavors. Parallel Processing: Modern computers often have multiple processing cores, allowing them to execute multiple tasks simultaneously, which can significantly speed up data processing tasks. Versatility: Computers can process various types of data, including text, numbers, images, audio, and video, making them versatile tools for a wide range of data processing tasks. Scalability: Computers can scale their processing power and storage capacity to accommodate growing data volumes and increasing processing demands. Connectivity: Computers can easily connect to networks and external devices, facilitating data exchange and collaboration among multiple users and systems. Software Support: There is a vast array of software tools and programming languages available for data processing, offering flexibility and customization to suit specific needs and preferences. Data Visualization: Computers can generate visual representations of data through graphs, charts, and maps, making it easier for users to interpret and analyze complex datasets. These features collectively make computers an excellent tool for data processing, enabling organizations and individuals to efficiently manage, analyze, and derive insights from data to support decision-making and achieve their goals.
What is the difference between a distributed database and distributed processing?
A distributed database is a collection of databases stored on multiple computers and accessed through a network, allowing for data to be distributed across different locations. Distributed processing, on the other hand, refers to breaking down a task into smaller parts that are processed on multiple computers simultaneously, enabling faster computation by leveraging the collective resources of multiple machines.
Basic difference between generations of computers according to processing speed?
with each change in technology between generations it became possible to build faster computers than were possible in the previous generation. this was primarily due to two things: smaller signal voltage levels allowing faster switching into similar RC load & smaller size allowing shorter signal paths and less signal delay.
Difference between online and offline processing?
Definition: Online Processing: Real-time processing where transactions are immediately recorded and updated in the system, providing immediate results and responses. Offline Processing: Batch processing where transactions are collected and stored for later processing in a group, typically at a scheduled time. Timing and Response: Online Processing: Provides real-time responses and updates, allowing immediate access to current data and quick transaction completion. Offline Processing: Involves a delay in processing as transactions are grouped and processed at a specified time (e.g., end of the day), resulting in a delayed response. Data Storage and Access: Online Processing: Requires immediate access to a central database or server to process and update data instantly. Offline Processing: Transactions are stored temporarily, often in a batch file, and processed collectively at a later time, usually in a separate environment. Transaction Handling: Online Processing: Handles one transaction at a time and immediately updates the database or records for that specific transaction. Offline Processing: Collects multiple transactions and processes them together, often in a batch file, which is then submitted for processing as a group. Error Handling and Recovery: Online Processing: Real-time error handling and immediate notification to the user or system administrator, allowing for quick resolution and recovery. Offline Processing: Errors are often handled after processing the batch, requiring a separate error-checking and correction process. Example: Online Processing: Making a real-time online purchase where the payment is immediately deducted from your account, and you receive an instant confirmation of the transaction. Offline Processing: A retail store collecting sales data throughout the day and processing all the transactions in a batch at the end of the business day for updating inventory and generating reports. Resource Usage: Online Processing: Utilizes more system resources (processing power, memory, network) to ensure immediate processing and response. Offline Processing: Generally uses fewer system resources as it processes transactions in bulk, often during non-peak hours. Both online and offline processing have their specific use cases and advantages depending on the requirements of the system, speed of transaction processing needed, and the nature of the data being handled. Many systems utilize a combination of both methods to optimize efficiency and performance.
What the basic characteristics of the modern computers?
Modern computers are characterized by their speed and processing power, which allows them to perform complex operations quickly. They also have high storage capacity, allowing users to store vast amounts of data. Additionally, modern computers are often equipped with advanced connectivity options, enabling easy access to networks and the internet.
What features make a computer an excellent tool for data processing?
Computers excel at data processing due to several key features: **Speed and Efficiency:** Compared to manual processing, computers can perform calculations and manipulate data significantly faster. They can execute millions of instructions per second, handling massive datasets efficiently. **Accuracy:** Computers minimize errors inherent in manual data processing. They follow programmed instructions precisely, reducing the risk of human mistakes like typos or miscalculations. **Storage Capacity:** Modern computers boast immense storage capabilities, allowing them to hold vast amounts of data. This eliminates limitations of physical storage like files or folders and facilitates easy retrieval of information. **Processing Power:** Central Processing Units (CPUs) are the brains of computers, equipped with cores specifically designed to handle complex calculations and data manipulation. This processing power enables tasks like sorting, filtering, and analyzing large datasets efficiently. **Versatility:** Computers are not limited to specific data types. They can process numbers, text, images, audio, and video data with relative ease. This versatility makes them adaptable to various data processing needs. **Automation:** Repetitive data processing tasks can be automated using scripts or programs. This frees up human resources for more complex tasks and ensures consistency in execution. **Data Analysis Capabilities:** Computers can go beyond simple processing. Specialized software allows for data analysis, identifying trends, patterns, and relationships within datasets. This provides valuable insights that might be difficult or impossible to glean from raw data. **Scalability:** Computing power and storage capacity can be scaled up or down depending on the data processing needs. This allows businesses or organizations to adjust their infrastructure as data volumes fluctuate. In summary, the combination of speed, accuracy, storage capacity, processing power, versatility, automation capabilities, and data analysis tools makes computers the ideal choice for handling vast amounts of data in today's information age.
Effect of home computers on economy?
Home computers effect the economy by; creating tech jobs (to create the computers, to keep them running, and to get rid of them), allowing better information in markets by allowing consumers to look up information. increasing productivity, and doing many many other things both in the physical production and maintenance of computers and accessories and in software (both stand alone applications and the with the internet)
Is it true mainlining boosts CPU performance by allowing the CPU to work on more than one processing stage at a time?
It is not true.
What connects a computer and allows it to talk to each other?
The device allowing two computers to communicate with each other is... a router (or modem).
Main advantage of manual processing over automated methods?
There is no 'better' as each methodology be it human or automated as advantages and problems. Computer processes may allow for parallel processing and high speeds. However human manual processes allow for us to have ultimate control of the outcome. Boeing aircraft are an example by allowing the pilots to have ultimate control, as opposed to computers in the case of Airbus.
What does the computer term mesh topology mean?
The computer term 'mesh topology' is where a group of computers are connected to a network interconnecting with each other, thereby allowing the transmission to be distributed between all the connected computers.
Where can I find the best name brand computers?
You can find the best name brand computers by asking employees from Best Buy. They provide helpful service in allowing customers to choose which product best fits their tastes.
