Check 21 — The Check Clearing for the 21st Century Act, has permitted your banking institution to make some significant changes in the way they process checks, and electronic check conversion processes for consumers are on the rise.
A new federal law became effective on Oct. 21. Twenty-first century check processing for banks and other financial institutions has arrived. Financial institutions now have the option of creating, processing and exchanging a legal copy of your original check, essentially a substitute check, which is an electronic duplication of the check's front and back.
- Click here for the rest of the story -
Subscribe to:
Post Comments (Atom)


No comments:
Post a Comment