One snag back-office conversion and image exchange risk is both paper and electronic transactions being presented to check writers' accounts. Merchants also must keep paper checks secure until they ...

On March 16, food retailers will be able to start using a new mechanism for processing checks that promises greater efficiencies and cost savings than traditional methods. Called back-office ...

In the hubbub over check conversion to ACH, there continues to be little coverage of the larger question of "is this really a good idea?" ["Bankers, Merchants Criticize Check Conversion Proposal," Nov ...

The Check 21 law created the substitute check, or image-replacement document. After six years and a brief boom, IRDs are on their way to the payments dustbin, just as Check 21’s backers intended. What ...

At 8 a.m. Pacific Time on Oct. 28, 2004, Wells Fargo received its first electronic transmission of a check image per a new federal law that went into effect that day, marking a new era in check ...

I've been explaining quite a bit of late about a new federal law that allows banks to convert your checks to digital images. Well, banks aren't the only businesses using electronic means to process ...

The electronic check conversion process is becoming more common. However, not all consumers understand it. To assist consumers, the Federal Reserve Board published “When Is Your Check Not a Check?” ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The existing rules for check conversion allow only consumer checks to be ...