What is the difference between an electronic payment, a corporate check, and a laser draft?
An electronic payment is a paperless transfer of funds from your account to your payee’s account. A corporate check payment is a paper check sent via the U.S. Mail, drawn on our Online Bill Payment Service provider’s account (your account will be debited for the amount on the bill due date). A laser draft is also a paper check sent via U.S. Mail, but is drawn directly from your account.
