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Check 21 |
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Check 21 Shorthand for the Check Clearing for the 21st Century Act; legislation that allows faster processing of checks by financial institutions by allowing them to process images rather than physical pieces of paper. The law also allows the creation of substitute checks that are processed immediately. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The remote check imaging system is compliant with the Check 21 Act, a law designed to reduce and ultimately eliminate paper check processing, according to Mark R. In addition, Setting Your Financial Records Straight, was recently modified to accommodate the Check 21 Act. The Check 21 Act was enacted on October 28, 2003, and becomes effective on October 28, 2004. |
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