Check 21 Sparks Competition and Transformation

Balakrishnan, Vijay
February 2005
Bank Technology News;Feb2005, Vol. 18 Issue 2, p46
Trade Publication
Reports on the impact of Check Clearing for the 21st Century Act on several banks in the U.S. Influence of Check 21 to the radical transformation of payments processing and banking transactions; Use of banks with the legislation as a catalysts to re-engineer their operations for competitive advantage through image technology; Adoption of remote deposits and transmit images that can lead to opportunities for customer migration.


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