Check 21: Get Ready, Change is Coming!

Topics:
Commercial Banking
Tags:
Carreker Corp.,
Check 21,
Financial Services
Source:
Carreker

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Overview: When it comes to predicting the impact of Check 21 on US payments, there have been some bold assertions made. Some have compared Check 21 to the introduction of MICR in the early 1960's, in its potential to change the way checks are processed in the US. Others have likened it to Y2K, given the impending deadline and the broad-reaching implications. I'm not sure if Check 21 is as extreme as either of those two events, but one thing is for certain. After October 28, 2004, anyone who has a need or a desire to see, feel or touch an original check will no longer be able to rely on doing so.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 146KB | Date: Jun 2004 | Pages: 4

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