Check Truncation Strategies: Implications for Float Management
- Topics:
- Commercial Banking
- Tags:
- Bank,
- Carreker Corp.,
- Check 21,
- Finance,
- Financial Services,
- Operational Accounting,
- Payment,
- Strategy
- Source:
- Carreker
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Overview: It is not unusual to discover the latent presumption that an image environment largely negates float. At the same time, electronification's planners typically tend to under consult with float managers on an area where float managers tend to be among the bank's experts: customers' payments needs, preferences and pricing. As the banking industry readies itself for the Check Truncation Act (or Check 21), the author draws on his work with the country's leading Float Managers to establish a valuable set of criteria for banks' clearing decisions in the emerging image clearing environment. This paper serves as a companion piece to Mr. Kuhn's paper, ARC: The Float and Operational Impacts of a New Blended Payments Product.
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Format: PDF | Size: 781KB | Date: May 2003 | Pages: 9
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