Check 21

Topics:
Commercial Banking
Tags:
Check 21,
Financial,
Financial Services,
SunTrust Banks
Source:
SunTrust Banks

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Overview: American consumers and businesses write millions of checks each month. Today, most of these checks must be physically transported between financial institutions before they are cleared, a process that is expensive and time consuming. To streamline check processing, reduce paper, combat fraud, and improve the nation's financial system overall, one major industry-wide initiative will go into effect in 2004: Check 21 legislation.

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