Truncation Will Spur Internet Links Among Branches, Banks

Jevans, David
November 2003
Bank Technology News;Nov2003 Supplement, p47
Trade Publication
The article argues that the Internet will play a significant part in maximizing banks' gains from electronic check truncation. The author believes that secure check-image transfer over inexpensive Internet links is a major technological advancement in the financial services industry. It is informed that new legislation will allow banks to clear check transactions with the original check, a digital image of it, or a paper reproduction called an "image replacement document." With the help of Internet banks will be able to connect to multiple services or directly to each other to exchange the data.


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