The Domino Effect of Check 21: Paving a Path for Banks to Redefine and Reclaim the Payment System
- Topics:
- Commercial Banking
- Tags:
- Bank,
- Carreker Corp.,
- Check 21,
- Domino Theory,
- Finance,
- Financial Services,
- IBM Lotus Domino,
- Operational Accounting,
- Payment
- Source:
- Carreker
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Overview: Domino theories are invoked when a seemingly simple or isolated event is predicted to provoke a series of reactions whose cumulative effect is both momentous and distant from the original event. The enactment of Check 21 has entrained such a series of events in the payment system. These events can pave the way for commercial banks to reestablish their preeminence in the business of payments. That banks will seize the advantage is not preordained, however. This paper outlines the imperatives for banks as an industry and as separate players in reshaping payments and commerce for the 21st century.
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Format: PDF | Size: 551KB | Date: Jan 2005 | Pages: 10
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