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Maker-checker (or Maker and Checker or 4-Eyes) is one of the central principles of authorization in the information systems of financial organizations. The principle of maker and checker means that for each transaction , there must be at least two individuals necessary for its completion.
A salary statement, commonly called a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck.
A check writer, or ribbon writer, leaves a numerical or written value impression in the payment amount field of a check that is very difficult to alter. This is accomplished by the machine applying downward force on the check and leaving very small inked shreds in the paper.
PFAFF was founded in Kaiserslautern, Germany, in 1862 by instrument maker Georg Michael Pfaff (1823–1893). Pfaff's first machine was handmade, and designed to sew leather in the manufacture of shoes. In 1885, Georg Michael Pfaff opened a sewing machine shop in London. The PFAFF factory was expanded and modernized.
A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution. Both the drawer and payee may be natural persons or legal entities.
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