Cracking the Code to Check 21
- Topics:
- Commercial Banking
- Tags:
- Check 21,
- Financial Services,
- Unisys Corp.
- Source:
- Unisys
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Overview: The paper depicts that while checks will continue to be used for the foreseeable future, the business model supporting today's check processing function is spiraling downward faster than most bankers can either see or care to admit. Despite this downward spiral, there is a way out. The Check Clearing for the 21st Century Act (Check 21) provides the U.S. banking industry with a catalyst to transform retail and corporate payment services in ways that can help institutions to realize greater cost savings, incremental revenue, and higher customer satisfaction while reducing transaction risk.
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Format: PDF | Size: 154KB | Date: Nov 2004 | Pages: 12
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