Regional Check Processing Center

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Regional Check Processing Center (RCPC)

A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis.

Regional Check Processing Center

A center run by a Federal Reserve Bank that expedites the settlement of checks. A regional check processing center processes and delivers checks to the appropriate bank on the same day it receives them, which helps money move through the economy more smoothly. A regional check processing center handles corporate checks, personal checks, food stamps, money orders, and checks drawn on the U.S. Treasury.
References in periodicals archive ?
This makes it ideal for branch offices, regional check processing centers, field operations and other similar environments in banking, mortgage and Fortune 2000, "says Miles Busby, president of Source Technologies.
The Federal Reserve Bank of Richmond has branch offices in Baltimore and Charlotte, regional check processing centers in Charleston, West Virginia, and Columbia, South Carolina, and a special facility in Culpeper, Virginia.
Today, ERAS' iPOD software drives capture devices at each of CECOBAN's 24 regional check processing centers.
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