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- Fed announces strategy for implementation of Check 21 Act
- A strategy to accommodate the evolution of the nation's payments system from paper check processing to electronic processing, a development driven by a significant broad-based change in user preference, has been announced by the Federal Reserve Banks. TheA strategy to accommodate the evolution of the nation's payments system from paper...
- Research articles 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
- 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 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
- 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
- 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
- The Compelling ROI of Point of Presentment Image Workflow for Check 21 and Beyond: Is Your Bank's Image Strategy Cost Effective?
- As financial institutions prepare their check processing operations for the impact of Check 21, the check truncation enabling legislation, their actions often are taking two general forms: equipping their check processing infrastructures with central prime pass image capture and 'Day 2' image capabilities, and preparing for image-based clearing and settlement...
- White papers 2005-03-15
- 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
Additional Resources
- Check 21 and Corporate Customer Retention: Getting Them Ready for October
- After years of fighting for Check 21, banks are now scrambling to address its implications. The anticipated benefits keep growing and so do the risks that seem to come with the industry's victory. The purpose of this paper is to extend the understanding of the impacts of Check 21 and...
- White papers 2004-05-14
- Make the Right Moves in Your Payments Strategy: Payments Planning in a Post-Check 21 Environment
- Now that Check 21 has passed, banks and their customers are entering into an era of unprecedented change. Pressure on earnings, new forms of competition, and evolving payments streams have already had a significant impact on the 2005 budget from both revenue and cost perspectives. Banks are being challenged as...
- White papers 2004-11-15
- Check 21: Big Benefits. Big Risks.
- The impending Check Clearing for the 21st Century Act, Check 21, promises to bring about the biggest change in decades for the U.S. payments industry. This paper advises to capitalize on the opportunities Check 21 offers, banks need an enterprise-wide strategy to cost-effectively upgrade systems and processes, and deliver both...
- White papers 2003-10-01
- Web-Enabled Check Viewing and Manipulation - A Check 21 Guide
- The challenges of Check 21 involve transforming a paper-based system into a digital system in order to make it interactive both internally and externally. This white paper presents a strategy to evaluate and implement the image-viewing component of a Check 21 solution. It contains evaluation criteria, options for programming language...
- White papers 2004-06-24
- Federal Reserve Banks announce strategy to meet evolving demands of payments system
- The Federal Reserve Banks on June 16, 2004, announced a strategy to accommodate the evolution of the nation's payments system from paper check processing to electronic processing, a development driven by a significant broad-based change in user preference. The Reserve Banks' strategy entails launching new products and services to support...
- Research articles 2004-06-22
- Mashable's Weekly Internet and Social Media Events Guide
- It's a brand new week, which means it's time for Mashable's guide to upcoming social media and web events, parties, and conferences. For more upcoming event listings, check out Mashable's Events section. Is your event not on this list? Contact us and let's establish a media partnership. Mashable's Weekly Social...
- News items 2009-08-24
- Mashable's Weekly Guide to Social Media Conferences and Events
- It's a brand new week, which means it's time for Mashable's guide to upcoming social media and web events, parties, and conferences. For more upcoming event listings, check out Mashable's Events section . Is your event not on this list? Contact us at least one month...
- News items 2009-10-19
- Pawtucket Credit Union Selects Open Solutions' Image-Based Item Processing and Branch Capture Solutions
- Credit Union to Expand its Check 21 Capabilities GLASTONBURY, Conn. -- Pawtucket Credit Union announced it has selected Open Solutions Inc.'s[R] branch capture and image-based item processing solutions to further streamline operations and enhance its overall Check 21 strategy. Open Solutions is a leading provider of integrated enabling technologies...
- Research articles 2007-11-20
- Sometimes the Hardest Part of Beginning - Is Knowing Where to Start
- Today's bankers are confronted with endless changes and challenges. Adopting the right business strategy has never been more important. In light of the pending Check Clearing for the 21st Century Act (Check 21), the financial industry is embarking upon a major shift - from processing paper to processing images. Although...
- White papers 2003-10-30
- 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
- Wipro Q1 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions And our first question this morning comes from the line of Joseph Foresi with Janney Montgomery Scott. Please go ahead. Joseph Foresi - Janney Montgomery Scott Hello guys, a nice job here at sort of a difficult quarter. My first question is your competitors have...
- Earnings calls 2007-07-19
- Asset Allocation Funds: 6 Picks
- Managers of tactical asset allocation mutual funds can invest in everything from stocks to commodities, moving money out of one asset category and into another whenever they want. They?re supposed to buffer you against collapsing markets while offering growth potential. It all sounds great in theory. But in the real...
- Articles 2009-11-03
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