Check 21 is ushering in sweeping transformations to the financial services industry that challenge both long-term structural dynamics and the role banks will play in the payments business. Processing ...

The Check Clearing for the 21st Century Act has made checking and item processing the industry's sexiest topic since a similar watershed moment in banking history, Y2K. Unlike its much maligned ...

The Federal Reserve is considering ending paper check processing as usage declines and fraud and costs rise, a move that ...

In what will be a major technological change for the banking industry, President Bush last week signed into law the Check 21 bill, which allows banks to substitute electronic check images for paper ...

NEW YORK--(BUSINESS WIRE)--United Thinkers, a New-York based commercial open-source Payment Management Software provider, announces new Gift and Loyalty Card Features, the addition of Check 21 and ...

This week, U.S. banks will reach the first mandated milestone on the way to what’s arguably the biggest change in the way they process checks since the introduction of magnetic ink character ...

The Check 21 law created the substitute check, or image-replacement document. After six years and a brief boom, IRDs are on their way to the payments dustbin, just as Check 21’s backers intended. What ...

The Check 21 Act may be the reason entities have not been reviewing canceled checks. But taking the extra step to review canceled checks with your monthly bank statement can save an organization from ...