the relationship between check 21 and ACH

From: Today | Date: December 1, 2003| Author: | Copyright information

HOW DOES CHECK 21-THE CHECK TRUNCATION ACT-AFFECT ELECTRONIC REMITTANCE (ACH) PROCESSIMG AND VICE VERSA? ON THE SURFACE, THEY DON'T IMPACT EACH OTHER AT ALL. BUT ULTIMATELY, THE TWO PAYMENT CLEARING CONDUITS ARE SIMILAR IN FUNCTION AND THE CULTURAL EFFECTS THEY WILL HAVE ON U.S. BANKS AND CORPORATION.

THE IMPACT OF CHECK 21 ON BANKS

A major transition is about to take place in the U.S. banking industry. Traditional methods of check processing are on the verge of being phased out, and new streamlined techniques and technologies will take their place. Because of Check 21, financial institutions ...

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You could get bounced by 'Check 21'
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"Check 21"
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'Check 21' will modernize checking as we know it
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New "Check 21" law to do away with float
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Check 'float' time is reduced under new banking law.
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Check Clearing for 21st Century Act will mark changes for banking customers.
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