TITLE

Is Rising ARC Rate Bad for Check 21 ?

AUTHOR(S)
Sisk, Michael
PUB. DATE
July 2005
SOURCE
Bank Technology News;Jul2005, Vol. 18 Issue 7, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
17646545

 

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