CHEYENNE - When the Check 21 Act goes into effect Oct. 28, banks will be able to process checks electronically. The act was signed into law in 2003 and will allow banks to provide electronic images of ...
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Electronic Check
What Is an Electronic Check? An electronic check, also known as an e-check, is a digital form of a traditional paper check. It is an electronic payment method that allows funds to be withdrawn ...
The Fed continues to operate paper-based system while it invests in electronic check processing. The process of converting checks to digital images to expedite processing and reduce shipping costs ...
Long-anticipated changes to the way banks and the Federal Reserve process checks are set to take effect this week. Starting Thursday, the Check 21 program will allow for faster, more efficient ...
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