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- Check
- an order in writing requiring the banker to pay on demand a certain sum in money to a specified person or bearer. Although a check can theoretically be written on...
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- Final Amendments to Reg CC Released
- The article refers to the Check 21 legislation. To facilitate check truncation and electronic check exchange, the Check 21 Act authorizes a new negotiable instrument called a "substitute check." A substitute check is a paper reproduction of the original check that contains an image of the front and back of...
- White papers 2004-07-27
- Check 21: The Check Is Dead, Long Live Its Image
- This paper outlines on check 21 regulations. Although Check 21 directly addresses only the creation of a substitute check, it indirectly revolutionizes check processing by opening the door to check truncation and image exchange. First and foremost, Check 21 does not make a check image or an electronic check presentment...
- White papers 2004-10-12
- The Checkless Society
- Don't look now, but checks are checking out: The long-heralded "checkless society" is now within America's grasp. And while no one expects checks to disappear overnight, the long-term implications for banks are substantial. Legislation signed into law late last year and scheduled for implementation on October 28, 2004 - commonly...
- White papers 2004-09-08
- 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
- Security: Harland Tackles Forgery in the Check 21 Environment
- The Check Clearing for the 21st Century Act went into effect in October, and while it is generally being hailed as a positive step that allows the industry to develop technologies to digitize checks, there is no question that these emerging technologies will have to address some significant issues. Tops...
- White papers 2004-12-01
- Check Clearing in the 21st Century: What Treasurers Need to Know Now
- In response to the need for a faster, more efficient and more reliable check clearing process, the Check Clearing for the 21st Century Act, known as "Check 21", was signed into law on October 28, 2003, and its provisions will go into effect a year from that date. Why Check...
- White papers 2003-12-09
Additional Resources
- 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
- Countdown to Check 21: Are You Ready?
- Check ProcessingThe official launch date for Check 21 is just about four months away. Basically, the new law allows any bank to truncate an original check and forward a paper substitute check, also known as an image replacement document IRD, in its place.As long as it complies with specific standards,...
- Research articles 2004-06-15
- Rosetta Technologies Hosts Webinar That Discusses the Implications of the Federal Reserve's Check Services Restructuring
- Rosetta Technologies , a leading provider of MICR printers and IRD and check printing software solutions, will host a free informational webinar on March 4, 2009 that examines how recent changes in check processing services offered by the Federal Reserve are dramatically changing the landscape of the post-Check...
- Research articles 2009-02-03
- 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
- Check 21 Becomes Law
- This white paper, says that the scam begins with a spoof e-mail campaign to trick bank customers into disclosing their user name and login passwords. Then, using the fraudulently-obtained information, customers' monthly statements and check images are retrieved. Criminals can then create high-quality counterfeit checks that are nearly identical in...
- White papers
- Check 21 - Longer Term Considerations
- Most financial institutions generate a substantial portion of their non-interest income from transaction accounts. Banks and credit unions need to prepare for declining revenue sources from overdraft protection, stop payment, check orders and other charges. Generally speaking, the greater the reliance on revenues generated by checks and check transactions, the...
- White papers 2004-03-18
- eFunds Offers Cost Effective Check 21 Back Office Solutions
- eFunds Retail Risk Solutions (NYSE: EFD) announced today an expansion of its Check 21 product suite by offering eXpress Deposit, a hosted Check 21 and Check Conversion solution for retailers, banks, and remittance processors. Building on the eFunds 30-year history in check authorization, ATM processing and ACH processing, eXpress...
- Research articles 2006-01-17
- 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
- Checks Are Changing - Consumers and Check 21
- In October 2003, the Check Clearing for the 21st Century Act became law. Now known simply as Check 21, the legislation's goals include improving the overall efficiency of the nation's payments system. Today, most checks must be physically transported û whether across town or across the country û before they...
- White papers
- Synergent Taps VSoft for Credit Union Branch Item Capture Solution; Credit Union Processor Saves Members Time and Money with Onsite Check Image and Deposit
- ATLANTA -- Maine-based credit union services provider and processor Synergent, has implemented VSoft's Branch Item Capture and Check 21 Returns solutions, allowing its current 110 credit union check processing customers the benefit of using image exchange to transport their teller deposits. In 2003, Synergent committed itself to offering its customers...
- Research articles 2005-04-26
- Oregon Community Bank & Trust Implements Community Banking Systems' Document Imaging and Remote Capture Solutions; Bank Utilizes All Components of System to Reduce Cost, Increase Efficiency
- DALLAS -- Community Banking Systems CBS, a provider of check imaging products and services for community financial institutions, has been selected by Oregon, Wis.-based Oregon Community Bank & Trust to provide its document imaging, check imaging, Check 21 and remote capture solutions. The bank chose CBS over several providers based...
- Research articles 2006-09-13
- 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
- SugarCRM, Telework Day, Symmetry and SAP, SunGard, Call Center Jobs, Parallels
- The news as of the first coffee this morning, and the music is Miles Davis's mind-blowing album "A Tribute to Jack Johnson," which I guess technically is a jazz album, but which rocks harder than most other albums released in 1971. Thanks to Mikal Gilmore for introducing me to it:SierraCRM...
- News items 2009-08-13
- 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
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