Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- 'Check 21' Banking Law Goes Into Effect Oct. 28; Consumers Union Offers Tips for Avoiding Bounced Checks, Fees, Other Pitfalls of Law
- SAN FRANCISCO, Calif., Oct. 22 /U.S. Newswire/ -- A sweeping new banking law known as "Check 21" will go into effect beginning October 28, speeding up check processing and putting consumers at risk for more bounced checks and fees, Consumers UniSAN FRANCISCO, Calif., Oct. 22 /U.S. Newswire/ -- A sweeping...
- Research articles 2004-10-22
- Business Banking: Union Bank Opens Check 21 University
- Given the industry chatter and column inches dedicated to Check 21, it would seem inconceivable there's anyone who doesn't know about the potential triumph-someday-over physical checks. But there's still a knowledge gap, particularly in segments such as small and middle-market businesses, and Union Bank sees that as an opportunity to...
- White papers 2004-08-01
- How Check 21 Will Impact Your Business: 3 Ways the Banking Act Will Affect Entrepreneurs
- This article focuses on the Check 21 legislation and the effects it would have on entrepreneurs. In a nutshell, Check 21 allows banks to replace paper checks with a digital copy of the check, called a substitute check. Once a paper check has been transformed into a substitute check, the...
- White papers 2004-09-13
- Electronic Banking: The Check Truncation Issue
- The clearing process for checks is more expensive than other methods of payment, which are cleared electronically, such as credit cards and Internet banking. The main reason is that check clearing requires banks to physically present and return checks unless they obtain legal agreements to clear electronically. This report focuses...
- White papers 2003-07-03
- An Uncommon Perspective: Remote Deposit Capture - The Shape of Things to Come
- This article reports that as companies continue to learn more about Check 21 legislation, they are discovering something remarkable. Beneath the hype, a dramatically different model for commercial banking is emerging, as different from today's processes as was the shift from branches to online banking in the 1990s. It is...
- White papers
Additional Resources
- Peoples Bank of Jamestown Adds Community Banking Systems' Proof of Deposit and Check 21 Modules; Bank Operational With CBS' Check Imaging Solutions in Less Than One Month
- DALLAS -- Community Banking Systems CBS, a provider of check imaging products and services for community financial institutions, was selected by Peoples Bank of Jamestown to implement its Check 21 and Proof of Deposit modules to its existing check imaging system. Jamestown, Mo.-based Peoples Bank of Jamestown uses CBS' check...
- Research articles 2006-08-07
- Western Commerce Bank Selects Community Banking Systems' Check Imaging Suite
- Community Banking Systems' Check Imaging Solution Enables Bank to Increase Overall Efficiencies DALLAS -- Community Banking Systems CBS, a provider of check imaging products and services for community financial institutions, was selected by Western Commerce Bank to implement its suite of check imaging solutions. The Carlsbad, N.M.-based bank uses...
- Research articles 2006-10-09
- Check 21 - Exacerbating the Emerging Crisis in U.S. Banking Profitability
- Check 21 legislation's goal is to reduce systemic risk associated with physical check movement as well as to provide a mechanism to reduce the costs associated with check payment processing. Check 21 creates a newly acceptable payment instrument. In addition, Check 21 provides a foundation for the imaging of checks...
- White papers 2004-01-01
- Peoples Bank Successfully Implements Community Banking Systems' Check 21 and Branch Capture
- Electronic Delivery of Checks Increases Efficiency, Productivity DALLAS -- Community Banking Systems CBS, a provider of check imaging products and services for community financial institutions, was selected by Peoples Bank to enhance its check imaging system. Indianola, Iowa-based Peoples Bank uses CBS' check imaging system to electronically exchange imaged...
- Research articles 2006-11-28
- Check 21 Banking Law Goes Into Effect Starting October 28
- The article describes a sweeping new banking law known as "Check 21" will go into effect beginning October 28, speeding up check processing and putting consumers at risk for more bounced checks and fees. The, consumers will discover that their bank account statements will come with fewer - or perhaps...
- White papers
- Check 21 to Improve Check-Clearing Efficiency
- This paper briefs how Check 21 can help in improving check-clearing efficiency. Check 21 will primarily affect banks. It aims to improve check-clearing efficiency by facilitating check truncation, i.e., removing the original paper check from the clearing process. Check 21 gives banks the ability to remove the original paper check...
- White papers 2004-06-02
- Transforming Bank Payment Processing With Accenture and SAP
- Progressive banks are recognizing the rationale for restructuring their payment value chain. Customers, with technological power at their fingertips, are substituting check payments for electronic transfers, mobile payments and direct debits. Meeting new regulatory requirements and standards, such as the Standard European Payment Area and Check 21, dictate change. Then,...
- White papers 2005-09-20
- Check 21 Rules Present Banks With New Challenges
- The Check Clearing for the 21st Century Act, which will go into effect Oct. 28, will allow financial institutions that receive a check from another bank to send an image of the check rather than the physical paper check to the paying bank. As a result, new image exchange, archiving...
- White papers 2004-09-06
- Action Steps for Check 21
- The Check Clearing for the 21st Century Act, also known as Check 21, promises to influence the banking industry for years to come. By requiring all financial institutions to accept digital reproductions of the original check from an electronic transmission substitute checks, Check 21 paves the way for eliminating much...
- White papers
- Cracking the Code to Check 21
- 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...
- White papers 2004-11-09
- Check it Out: Consumers Don't Have a Clear Image of Check Changes; 95 Percent of Consumers Uninformed of the Check 21 Law and Its Impact
- DAYTON, Ohio -- An online consumer poll conducted by Harris InteractiveR for NCR Corporation (NYSE:NCR) confirmed what many financial industry insiders already know. Most consumers are completely unaware of the Check Clearing for the 21st Century Act (Check 21) and its potential impact on their current banking practices.
- Research articles 2004-06-18
- U.S. Bank Makes Benefits of Electronically Imaged Checks Available to Consumer and Small Business Customers
- Business Editors MINNEAPOLIS--BUSINESS WIRE--June 3, 2004 U.S. Bank consumer and small business customers will soon be able to experience the benefits of check imaging and Check 21 legislation, which takes effect nationwide in October. Starting in August, U.S. Bank consumer and small business customers will be able to...
- Research articles 2004-06-03
- Brave new world of banking getting closer with Check 21
- A new law takes effect October 28 that could put the sinker on floating checks and represent a death knell to the process of banks returning original checks to consumers. Mississippi bankers say they're prepared for it. The Check Clearing for the 21st Century Act, known as Check 21, allows...
- Research articles 2004-09-27
- LaSalle beefs up Check 21 capability with new hire
- LaSalle Bank's correspondent banking division has hired a former Federal Reserve Bank officer to help it offer services related to check processing. Charles W. Furbee will assist LaSalle Bank's strategic planning and operations departments as the industry moves toward electronic check presentment in a post-Check 21 environment.Furbee, a former senior...
- Research articles 2004-10-15
- The Promise of Check 21
- Banks have been using MICR to streamline operations by scanning serial numbers for settlement purposes, but must still perform manual signature recognition and remittance along with managing exceptions and returns. A typical sufficient-funds check is handled an average of 15 times in the current banking back-office system (returns many more...
- White papers 2004-03-05
- << Previous
- page 1 of 1
- Next >>
