Effective Oct. 28, 2004, the federal Check 21 Act permits banks and their business customers to create secure networks for transmitting electronic images of checks instead of having to physically ...

CHEYENNE - When the Check 21 Act goes into effect Oct. 28, banks will be able to process checks electronically. The act was signed into law in 2003 and will allow banks to provide electronic images of ...

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 ...

Down the line, however, Check 21 is expected to have a more noticeable impact on bank customers, noted Minnick, Johnson and Vogel. It will eliminate the “float” that now occurs in the check processing ...