Journal Article

Check clearing in the 21st Century: where are my checks?

Abstract: Financial institutions are understandably concerned with the technological and procedural implications of Check 21, but smoothing the transition with customers ultimately may prove to be the key challenge. Millions of people still use paper checks and won?t be happy to find facsimiles returned in their monthly statements.

Keywords: Checks; Payment systems; Check collection systems;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Profitwise

Publication Date: 2005

Issue: Mar

Pages: 12-15