The Federal Reserve Board on July 26, 2004, released final amendments to Regulation CC and its commentary to implement the Check Clearing
for the 21st Century Act (Check 21 Act), which was enacted on October 28, 2003, and becomes effective on October 28, 2004.
2 /PRNewswire/ -- United Check Clearing
Corporation recently moved their corporate office into the newly-constructed Plymouth Ponds Business Park.
Looking forward to teller capture next to speed check clearing
The 24-hour check clearing
process, called Liberty Clear, is made possible by a unique transportation and information technology network developed by UPS Worldwide Logistics.
The Singapore, Hong Kong and Mumbai centers will enable financial institutions in Asia and India to streamline their check clearing
processes, alleviating worries over weather delays or loss due to customs inspections.
7 million order from the Bank of England for a stand-alone check clearing
In today's financial services climate, with check capture quickly becoming decentralized and check clearing
becoming electronic, banks are rethinking how they can enable innovation to occur.
Reduce clearing costs by eliminating Federal Reserve and/or correspondent bank check clearing
charges without adding transportation expenses.
THE BANK OF SCOTLAND PURCHASES BANCTEC 5500 TPS CHECK CLEARING
The images and MICR data are electronically sent to Middlesex Savings Bank's central operation center throughout the day extending the window for accepting deposits and expediting the check clearing
The FCN solution is another check clearing
option that affords community banks enhanced operational efficiencies while allowing them to maintain their correspondent settlement relationship with Banker's Bank.
While electronic check clearing
has grown markedly this year, challenges for both collecting and paying banks may put a damper on how quickly and deeply check image exchange will be adopted, according to NACHA.