Check 21 to Improve Check-Clearing Efficiency

Topics:
Commercial Banking
Tags:
Check 21,
Financial Services,
Standard Federal Bank
Source:
Standard Federal Bank

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Overview: This paper briefs how Check 21 can help in improving check-clearing efficiency. Check 21 will primarily affect banks. It aims to improve check-clearing efficiency by facilitating check truncation, i.e., removing the original paper check from the clearing process. Check 21 gives banks the ability to remove the original paper check from the clearing process and is likely to act as a catalyst to make imaging more commonplace in banking.

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Format: PDF | Size: 45KB | Date: Jun 2004 | Pages: 3

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