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- A Consultative Approach to Check Truncation & Image Exchange
- Conditions in the financial services industry are changing dramatically. New landmark legislation and check electronification and conversion initiatives are contributing to the industry's overall decline in paper check volume. With the volume of paper-check processing in decline it is imperative for financial institutions to optimize their payments and reduce their...
- White papers 2004-06-02
- Upfront: Check Payments to Bow Out?
- This article depicts about a research which reveals that a combination of electronic payment types are poised to replace the check as the primary vehicle for transferring funds between two commercial parties. The research cites several factors that signal the approaching demise of check payments, including recent Federal Reserve estimates...
- White papers 2005-04-01
- Case Study: Enterprise Output Strategy Development
- With the recent passage of the Check 21 legislation, the Bank faced the challenge of migrating customers away from physical check return and toward check images. Madison Advisors utilized our standard methodology, consisting of a combination of facility tours, interviews, industry research, and extensive client experience to examine the...
- Case studies
- 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
- Check 21 Will Change Verification Services
- As the banking industry builds the infrastructure necessary to exchange digital images of paper checks, questions are starting to bubble up about whether the new technology will one day make check verification services obsolete. The Check Clearing for the 21st Century Act is widely expected to facilitate the use of...
- White papers 2003-11-25
- 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
- Leading Global Bank: Check 21
- The client is one of the world's largest financial institutions, providing individual consumers, small businesses and large corporations a full range of banking, investment, asset management and other financial and risk-management products and services. In 2003, the bank reported revenues of more than $30 billion. Like all high performance organizations,...
- Case studies
Additional Resources
- Check 21 Law to Bring Dramatic Changes to Check Processing
- This paper focuses on check2 1 legislation. The changes it will bring to check processing at banks, and how those changes are expected to affect treasury management. Check 21 makes paper copies of check images, known as "substitute checks," the legal equivalent of paper checks for final presentment.
- White papers 2004-01-01
- 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
- Ready. Set. It's Check 21!
- This paper discusses about the, corporate cash management look once Check 21 goes into effect in October? The legislation permits banks to present substitute checks?printed from digital images?for payment, which should speed the check clearing process, reshape cash flows and render useless at least some of the security features on...
- White papers 2004-09-09
- VECTORsgi Introduces '21Ready' Consulting Service; Management Level Service Helps Financial Institutions Realize the Promise of Check 21
- Business Editors ADDISON, Texas--BUSINESS WIRE--Nov. 17, 2003 VECTORsgi, a leading provider of financial transaction processing applications, has added a Check 21 assessment/implementation service to its consulting practice. The management consulting service, "21Ready," analyzes the client's current readiness for benefiting from Check 21, defines what initiatives it must undertake...
- Research articles 2003-11-17
- Alogent Corporation and S1 Corporation Present 'Mission Critical: The Financial Imperative for Taking Check 21 to the Branch - Now' at the 2004 BAI Retail Delivery Conference
- Who: Robert Meara, director of product marketing at Alogent Corporation and Drew Lamparello, director of product management, Branch Solutions at S1 Corporation will lead a ...
- Research articles 2004-11-10
- Capturing Value From Check 21
- The first wave of innovation from Check 21 legislation has been remote deposit capture RDC — enabling businesses to make deposits remotely. But there are more opportunities for both banks and businesses. Banks can use image capture to cut down on the transportation of checks from their branches, eliminate some...
- Research reports 2006-03-22
- Check Truncation Strategies: Implications for Float Management
- 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...
- White papers 2003-05-15
- Bank Check Imaging and Retrieval Solution Accommodates Check 21 Legislation; Scanning and Archive System Available on Unisys My Vision X Teller Scanner
- BRIDGEPORT, Conn. -- Bankproducts.com, the retail banking industry's online source for bank equipment, today announced the availability of a bank check imaging solution with an advanced archive management tool that scans, stores, indexes and retrieves check information. Archive Plus 8.0TM running on the Unisys My Vision XTM teller scanner allows...
- Research articles 2004-06-17
- Bentley Commerce Corporation to Acquire an Equity Interest in CollectAChek, Premier Check Collection and Cash Management Specialists
- Business Editors LOS ANGELES--BUSINESS WIRE--April 21, 2004 Bentley Commerce Corp. (OTCBB:BLYC), the leader in online trade and barter, has agreed to purchase a 20% equity interest in 1210 N. Congress Corporation DBA, CollectAChek, (www.collectachek.com), a cash flow management company that pioneered free NSF Non Sufficient Funds check recovery...
- Research articles 2004-04-21
- First Tennessee Bank Selects VECTORsgi Solutions for Check 21 Efficiencies; Solutions Will Accelerate Bank's Check 21 Preparedness
- Business Editors ADDISON, Texas--BUSINESS WIRE--May 12, 2004 VECTORsgi, a leading provider of banking transaction applications, announced that First Tennessee Bank has selected its virtual capture software and image replacement document IRD management tool. Virtual capture will enable the bank's image-based check clearing service called First Express to support...
- Research articles 2004-05-12
- MPortal and iPhones, Runaware SaaS, Bluetooth, DeltaCom, Net-Results and Salesforce.com, Netezza and Oracle
- The news as of the first coffee this morning, and the music is more Larry Norman. This guy single-handedly created the entire "Christian rock" genre, today worth billions, but back in the late '60s and early '70s he couldn't get played on radio, as he was too secular for Christians...
- News items 2009-09-03
- Taming the Paper Tiger
- Effective management of receivables is key to the health of any business. And with new and unprecedented industry forces at work, an organization can't afford to process payments the same way it did even a year ago - nor can it take a wait-and-watch attitude. This article asserts that as...
- White papers 2005-01-29
- Shared Realities: Bankers and Treasurers Weigh the Issues
- At the Association for Financial Professionals' 2004 annual conference, Business Finance assembled a group of treasury professionals to discuss balance sheet management and liquidity. Panelists shared their insights on topics ranging from Check 21 to treasury technology and bank consolidation. This article depicts about the findings of business finance group...
- White papers 2005-02-01
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