Article: New law transforms checking benefits.(ViewPoint)(Check Clearing for the 21st Century Act)

Article: Unique check clearing program cuts check ...
PR Newswire;  August 7, 1989 ;     700+ words ... ... 10,000,000 checks a year. Direct ... outgrowth of United Check Clearing's unique bank ... low as 4 cents a check. Thus, a company ... depositing 1,000,000 checks could save $50 ... president of United Check Clearing, stated in announcing ...

Article: Electronic check clearing alternatives take shape. ...
ABA Banking Journal;  May 1, 1993 ;     700+ words ... ... new world of check clearing on the horizon, and paper checks have little ... electronic check clearing and truncation ... clearing paper checks. Proponents ... Among them: check clearing for downstream ... exchanging checks in about 30 ...

Article: Banks split on oversight of Fed check clearing. ...
American Banker;  November 1, 1993 ;     700+ words ... ... the Federal Reserve's check volume ... nor the ... 50% of all interbank check clearing volume, while none of ... a number of regional check clearing operations. Some observers ... collection costs for checks presented to it, and ...

Article: The Fed's entry into check clearing reconsidered.
Economic Quarterly;  March 22, 1999 ;     700+ words ... ... provider of check clearing services ... of-town checks in the pre ... penetrate the check clearing market was ... Banks to clear checks, the Fed ... taxpayers. 1. CHECK CLEARING BEFORE THE ... the use of checks had become ...

Article: The Fed's entry into check clearing reconsidered
Economic Quarterly - Federal Reserve Bank of Richmond;  April 1, 1999 ;     700+ words ... ... provider of check clearing services ... outof-town checks in the pre ... penetrate the check clearing market was ... Banks to clear checks, the Fed ... taxpayers. 1. CHECK CLEARING BEFORE THE ... the use of checks had become ...

Article: The Check Clearing Act for the 21st century
Kentucky Banker Magazine;  February 1, 2003 ;     700+ words ... ... our financial institutions. The Check-Clearing Process The processing of checks is an enormously expensive and labor ... legal equivalence of the original check. Under the Check Clearing Act, substitute checks must adhere to rigorous standards ...

Transcript: STREAMLINING THE CHECK CLEARING PROCESS:GAIL ...
Congressional Testimony;  September 25, 2002 ;     700+ words ... ... Particularly in the Check Clearing Act form, the ... consumers who write checks which are turned ... electronic imaging of checks speeds up check clearing. Congress Should ... to keep those checks for a customer. What the Check Clearing Act and its Predecessor ...