Definition: Interquartile range is the measure of dispersion which is the difference in the values of two quartiles. The Lower Quartile is denoted as Q 1 and the Upper Quartile is denoted as Q 3.
What is an eCheck? Essentially, an eCheck or electronic check is a form of online payment where money is electronically withdrawn from the payerâs checking account, transferred over the ACH network, and deposited into the payeeâs checking account.
Electronic money, or e-money, is the money balance recorded electronically on a stored-value card.These cards have microprocessors embedded which can be loaded with a monetary value. Netherland âs Chipknip: As an electronic cash system used in the Netherlands, all ATM cards issued by the Dutch banks had value that could be loaded via Chipknip loading stations. 2  For people without a bank, pre-paid Chipknip cards could be purchased at various locations in the Netherlands.