TITLE

Getting Ready FOR Check 21

AUTHOR(S)
Voelker, Michael P.
PUB. DATE
November 2003
SOURCE
Bank Technology News;Nov2003 Supplement, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the preparation of banks and companies for the adoption of Check 21 legislation. It is viewed that the prospects of Check 2 are bright. Eight banks have been signed up by Small Value Payments Co., a payments company, for initiating a nationwide electronic check clearing utility for check collection. Although many financial institutions are treading the path of image-based check processing, a lot of paper work post-Check 21 still remains. Check clearing costs are expected to increase with banks supporting three different presentment platforms, namely, paper, electronics and image replacement documents. INSET: Getting Ready: One Bank's Story..
ACCESSION #
19980626

 

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