Is Rising ARC Rate Bad for Check 21 ?

Sisk, Michael
July 2005
Bank Technology News;Jul2005, Vol. 18 Issue 7, p37
Trade Publication
Discusses the surge in accounts-receivable check conversion (ARC) in banking as opposed to the slow adoption of Check 21 bank regulation in the U.S. Value of growth in ARC payments between 2003 and 2004; Big banks that are involved in ARC such as Wachovia and Bank of America; Reasons why corporations are skeptical about ARC for business checks; Debate regarding how the adoption of ARC will coincide with Check 21.


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