This week, U.S. banks will reach the first mandated milestone on the way to what’s arguably the biggest change in the way they process checks since the introduction of magnetic ink character ...

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 ...

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 ...

A federal law known as Check 21 takes effect today, and whether that's cause for celebration or commiseration is a matter of much debate.The banking industry says the law will make the nation's ...

NEW YORK -- High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account. On Oct. 28, banks will begin implementing the Check Clearing ...