Nationwide deployment of electronic check processing to be implemented slowly

In October 2004, many pundits predicted an evolutionary change in the banking world when Check 21 went into effect. The legislation, which lets banks issue "substitute," or scanned, checks, held the promise of drastically reducing paperwork and expediting transactions. That's because under Check 21, it's a check's digital image - front and back - that ...

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Nationwide deployment of electronic check processing to be implemented slowly

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