Image Interchange
- Topics:
- Commercial Banking
- Tags:
- Check 21,
- Financial Services,
- Viewpointe
- Source:
- A Fictional Publishing Company
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Overview: Check 21 will enable collecting banks to send check images (substitute checks or image replacement documents) instead of paper checks as presentment for payment to other financial intuitions. This will dramatically cut the volume of paper in circulation and eventually reduce transportation, float, and other check processing costs by more than $2 billion annually, industry-wide. Viewpointe has become the leader in helping the industry to arrive at a standard for meeting the challenges of a new law called "Check 21". This document describes Viewpointe's "Check 21" services.
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