A Comparative Study of Electronic Checks and Other Electronic Payment Instruments

Abstract

With the expansion of modern technologies in the banking sector, numerous electronic payment instruments have been developed, among which the electronic check has been introduced as one of the most recent tools. This article aims to conduct a comparative analysis of electronic checks with other payment instruments such as bank cards, electronic transfers, the digital rial, and others. This study is theoretical in nature, employing a descriptive-analytical research method, and data collection has been conducted through library research by consulting documents, books, and articles. The electronic check, with its legal backing and high technical security, is a reliable tool in the digital payment system; however, in terms of public acceptance, it still lags behind bank cards and the digital rial. By integrating traditional legal structures with modern technology, the electronic check can serve as an appropriate substitute for paper checks. Nevertheless, in order to compete effectively with other digital payment instruments, it requires further development of infrastructure, cultural promotion, and legislative support.