Last week, the Check 21 Act took effect, allowing banks to clear checks electronically and sets standards for the secure electronic transfer of check images between financial institutions. The Act ...

Legislation that impacts commerce typically creates opportunity for new IT products and solution provider input, and The Check Clearing For The 21st Century Act (Check 21) is no exception.

WASHINGTON - Federal Reserve Board Vice Chairman Roger Ferguson Jr. told a House panel Tuesday that the central bank had changed its mind on one of the central issues bogging down the check truncation ...

The Check Clearing for the 21st Century Act, also known as the Check 21 Act, was passed in October 2003, and made it legal for banks to send and accept digital scans of checks through the Internet ...

Regulation CC implements the Expedited Funds Availability Act (EFAA) of 1987 and the Check Clearing for the 21st Century Act (Ch... Investopedia Definition, Purpose, and How It Works ...