Check 21 Readiness

Topics:
Commercial Banking
Tags:
Back-office,
Check 21,
Finance,
Financial Services,
Mitek Systems,
Operational Accounting,
Payment
Source:
Mitek Systems

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Overview: Check 21 marks one of the most significant changes in the history of this country's payment system. It will transform the way checks, our most widely used non-cash method of payment, are handled. The President signed Check 21 into law on October 28, 2003. As a result, all financial institutions in the United States must conform in 12 months from this date. Many institutions are already preparing their back office operations for the impact this legislation will have on their organization. This document describes some of the key points about the legislation, its impact, the exchanges, the benefits, the CheckQuest migration path and what is Mitek's role is in assisting you in this process.

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Format: PDF | Size: 385KB | Date: Dec 2003 | Pages: 10

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