Consolidation Continues for Paper-Based Check Exchanges as The Industry Prepares for Check 21: The Connecticut Clearing House Joins The National Check Exchange (NCE), The Largest Check Exchange by Dollar Volume in the U.S.

Topics:
Commercial Banking
Tags:
Check 21,
Consolidation,
Financial Services,
Industry,
National Check Exchange,
U.S.
Source:
The Clearing House Payments Company

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Overview: The article refers to the Check 21 legislation. NCE is already the largest regional check exchange by dollar volume in the U.S. The additional volume helps NCE to continue to reduce costs and increase efficiency of the check clearing process. It also adds momentum to NCE's drive to standardize, rationalize, and consolidate the U.S. paper check infrastructure in response to Check 21 and the emergence of electronic payments.

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Format: HTML | Date: Aug 2003 | Pages: 2

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