Change is here in the world of paper checks.
Microfilm machines are being replaced with a better option, photocopying
checks is not a great use of anyone's time, and Check 21 is changing
how checks are handled, both at businesses and at banks. We've collected a variety of information to help you understand the changes in the use and clearing of checks.
Check 21 overview. How can an image replace a paper check? And what are the implications of that?
Check 21 FAQs. Explore the specifics, from the consumer's point of view, of how Check 21 will change banking.
Check imaging benefits. Reduced costs. Reduced operator error. Increased customer service and satisfaction. There are lots of reasons to like check imaging.
Remote capture with or without remote deposit - image checks and prepare your electronic bank deposit. Or just replace photocopying.
ACH options - now there are three ways to clear checks through the Automated Clearing House. Learn about Back Office Conversion (BOC), Accounts Receivable Conversion (ARC), and Point of Purchase (POP), including a side-by-side comparison of these ACH tools. NACHA has published a Guide to Implementing a Back Office Conversion Entry Program, which is available from NACHA.
FRB use of checks study. The Federal Reserve Board studied the world of checks, and identified many changes already occuring. See what they found out.
Future of checks article. Check use is on the decline, yet checks will be around for a long while for some very good reasons. Find out what they are.
ACH & NACHA. What does the Automated Clearinghouse and its rule-making organization have to do with this? A lot.
