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Check 21 Articles

• Same-day ACH in the US: The Next Chapter
  Nasreen Quibria, Logica - 7 Nov 2011 NACHA, the regulatory body for automated clearing house (ACH) transactions in the US, is proposing amendments to its operating rules to introduce a new expedited processing and settlement (EPS) option. This article follows a year after the launch of same-day FedACH service, and examines the benefits and concerns of a universal service.
• The Benefits of Back Office Conversion
  Samuel Robb, BNY Mellon - 19 Feb 2007 NACHA is about to implement back office conversion to help make check payments more efficient in the US. This article looks at what has led to the new rules being implemented, and what impact they may have on corporates and consumers.
• Remote Deposit Capture in an Enterprise Payments World
  J.D. Carreker, Carreker Corporation - Suzette Massie, Carreker Corporation - 10 Jan 2006 How can remote deposit capture (RDC) benefit the wide range of companies to be found across the US - including small and large corporates across many industry sectors? This article is based on a survey of 300 companies, which asked how much value RDC would bring them, given their unique business profiles.
• Remote Deposit Capture in an Enterprise Payments World
  J.D. Carreker, Carreker Corporation - Suzette Massie, Carreker Corporation - 10 Jan 2006 How can remote deposit capture (RDC) benefit the wide range of companies to be found across the US - including small and large corporates across many industry sectors? This article is based on a survey of 300 companies, which asked how much value RDC would bring them, given their unique business profiles.
• Overcoming Deposit Risk in the C21 Marketplace
  Royce Brown, NetDeposit - Mike Harris, NetDeposit - 25 Oct 2005 The Check 21 legislation in the US provides a unique opportunity for corporates to take advantage of the new technologies in the market, such as corporate deposit taking, or remote capture. This software is changing the way companies work with banks but there are risk issues to solve along the way.
• Remote Deposit Capture: Revolutionizing the Check
  John Leekley, RemoteDepositCapture.com - 18 Oct 2005 Checks are, and will remain, a significant part of cash management for US banks and corporations. Check 21 legislation, however, has introduced the possibility of check truncation and electronic clearing. Remote deposit capture is one technology that is helping the electronic revolution of the paper check.
• Check 21 and the Migration to Electronic Payments
  Adam Dener, Capco - 20 Jun 2005 This article explores the increasing changes in payment flows driven by regulation, customer behaviour, and technology as a result of the implementation of Check 21 legislation at the end of last year.
• The Check Stops Here
  Debra Yergen, Freelance Consultant - 13 Jun 2005 As the Check 21 legislation shakes up the US payments industry, a similar initiative across the border - the Canadian Truncation and Electronic Check Presentment - will modernize the Canadian check clearing system and will require universal participation across the country.
• Check 21 Opens Electronic Payment Processing Doors
  Michael Tallitsch, Wausau Financial Systems - 31 Jan 2005 Combining Check 21 and the Accounts Receivables Conversion initiative is providing new opportunities in electronic payment processing.
• Check 21: The Check is Dead, Long Live its Image
  Alenka Grealish, Celent - 22 Nov 2004 The focal point of Check 21 is the substitute check. In the post-Check 21 world, a presenting bank that wishes to truncate a check can do so regardless of whether or not the paying bank is image-enabled.
• Seizing the Opportunity in Check 21
  Ray Fattell, HSBC Global Payments and Cash Management - 15 Nov 2004 Check 21 legislation brings the opportunity to add value through product innovations. Banks should seize this chance with both hands. Ignoring or only partially exploiting the potential benefits of Check 21 legislation is not an option as corporate customers will rightly demand greater efficiency and lower pricing.
• Check 21's Impact on Cash Management Product Offerings
  Parthesh Kantak, Cognizant Technology Solutions - 31 Aug 2004 Changes to the legal status of digital check images introduced by Check 21 will affect many operations in US banks, but it is the impact on cash management offerings that will be most significant. The Act becomes law on October 2004 and could also herald a period of innovation in payment processing.
• Accounts Receivable Conversion: Is It Right for Your Company?
  Lanny Latham, Ernst & Young - 10 Mar 2004 US firms have been able to convert mailed checks from consumers into ACH debit transactions for almost two years via NACHA's Accounts Receivable Conversion code. But the opportunity to reduce bank charges and accelerate funds availability must be offset against potentially negative impacts.