Electronic Banking : The Check Truncation Issue.

Discusses the Check Clearing for the 21st Century Act of 2003 (P.L. 108-100), enacted to facilitate check truncation by authorizing use of substitute checks to promote innovation in the check collection system. Provides overview of electronic check presentation and truncation processes, associated c...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2003.
Series:	U.S. Congressional Research.
Subjects:	Banks and banking. Savings accounts. Consumer protection. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Discusses the Check Clearing for the 21st Century Act of 2003 (P.L. 108-100), enacted to facilitate check truncation by authorizing use of substitute checks to promote innovation in the check collection system. Provides overview of electronic check presentation and truncation processes, associated costs and benefits, and a closely-related alternative legislative proposal supported by the Federal Reserve Board.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.