EDS' Eight Tips for Businesses Impacted by Check 21
- Topics:
- Commercial Banking
- Tags:
- Check 21,
- Document Management,
- Electronic Data Systems Corp.,
- Enterprise Software,
- Finance,
- Financial Services,
- Managerial Accounting,
- Software
- Source:
- Electronic Data Systems
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Overview: The October 28 deadline for compliance with Check 21, the federal legislation that required the acceptance of substitute checks (Image Replacement Documents), loomed over the banking industry. The article presents steps that every financial institution and corporation should know to fully take advantage of the intended benefits while sidestepping any potential drawbacks. EDS recommends that organizations view Check 21, and subsequently IRDs (or substitute checks) less as a printing issue and more as a processing issue. Access to a secure network, quality image printing and archiving are the key to maintaining the trust of your customers.
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Format: HTML | Date: Aug 2004 | Pages: 2
