CHECKLIST: What Community Bankers Should Do Now

Audrain, Susan Connor
November 2003
Bank Technology News;Nov2003 Supplement, p24
Trade Publication
The article provides some suggestions to enable banks prepare for business in the wake of implementation of Check 21 legislation. Check 21 will enable banks to exchange electronic images of paper checks and create documents known as substitute checks for processing and clearing payments. The overall efficiency of the payment operations system is expected to improve with the use of imaging technology. The enhanced service and cost savings that will be enabled by the use of Check 21 must be communicated to management team, employees and customers.


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