HomeDefinitionsCompareDebt Regional Check Processing Center (RCPC)The financial definition for Regional Check Processing Center (RCPC):A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis. Similar MatchesAutomatic Data Processing (ADP)Automatic Data Processing (ADP)Acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other corporate information to the beneficial owners. In house processing floatIn house processing floatThe time it takes the receiver of a check to process a payment and deposit it in a bank for collection. Processing DelayProcessing DelayTime a selling firm takes to record receipt of a payment and deposit it. Click to compare definitions of Regional Check Processing Center (RCPC) Click to view definitions beginning re |