Articles > Business magazines > Finance and Accounting magazines > Bank News articles > March 2004

Article: The role of vendors in preparing for Check 21

Article from:
Bank News
Article date:
March 1, 2004
Author:
Copyright

The Check Clearing for the 21st Century Act, or Check 21, is set to go into effect later this year - do you know what your item processing provider is doing to prepare?

Because Check 21 will have at least some measure of impact on all financial institutions, your provider has a critical role in ensuring your institution will be ready when the new law takes effect Oct. 28.

By this time, your IPS provider should already be communicating exactly how this momentous change in banking will affect your organization. While Check 21 is expected to have many benefits, such as reduced costs, increased efficiencies and reduced risk, there will be operational ramifications.

Your provider should inform ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Daily Check Image Exchange Volume Surpasses ...
PR Newswire;  May 3, 2005 ;     700+ words ... ... majority of the checks processed through the Image Exchange Network have been ... typically sending check images that are ... exchange images of checks peer-to-peer ... transporting physical checks. Electronic check image exchange is expected to ...

Article: Check image exchange - Metcalfe's Law in ...
Bank News;  March 1, 2004 ;     700+ words ... ... scale to the check processing system ... institutions can join check image exchange networks that ... image-based checks. Under the traditional ... their customers' checks in every standard ... format. The best check image exchange networks will ...

Article: National City and Union Bank of California Launch Check ...
PR Newswire;  April 20, 2005 ;     700+ words ... ... the benefits of check image exchange in just several ... exchanging images of checks using SVPCO's ... exchange images of checks peer-to-peer ... transporting physical checks. Electronic check image exchange is expected to create ...

Article: Endpoint Exchange Initiates West Coast Check Image ...
Business Wire;  August 20, 2002 ;     700+ words ... ... 8 million checks a day. The ... the move to check image exchange technology ... savings of check image exchange. Endpoint ... settling checks via the exchange ... to deploy check image exchange they will ... clear their checks." About ...

Article: Endpoint: The National Check Image Exchange
Bank News;  June 1, 2002 ;     700+ words ... ... Endpointe National Check Image Exchange can gain a head ... digitally transmitting check image information ... presentment of physical checks via ground and ... at least until check truncation at ... Because check image exchange can be completed ...

Article: SVPCo and Unisys Agree to Exchange Check Images To Expand ...
PR Newswire;  October 15, 2003 ;     700+ words ... ... benefit from image exchange," added Mr ... ultimate goal of check truncation. Check 21 will eliminate ... return original checks to customers ... a substitute check, without agreement ... presentment and image exchange and as a way ...

Article: SVPCo and Unisys to Help Financial Institutions Leverage ...
Business Wire;  May 4, 2004 ;     700+ words ... ... of a bank's check processing and ... future plan of what check image exchange will involve ... the world's checks, Unisys helps ... their current image exchange plans and allows ... potentially affected by Check 21 and image exchange ...

Article: SVPCo and BearingPoint Agree to Provide an Image ...
PR Newswire;  January 14, 2004 ;     700+ words ... ... participation in national image exchange," said Lewis ... participate in the national check image exchange." Image exchange technologies are ... implementing the Checks Clearing for the ... After capture, a check's image is transmitted ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives