Evaluates current role of the Check Clearing for the 21st Century Act (Check 21 Act) of 2003, enacted to facilitate check truncation by authorizing use of substitute checks to promote innovation in the check collection system. Discusses declining role of checks in favor of electronic payments and banking industry adaptation to Check 21 Act.
ProQuest U.S. Congressional Research Digital Collection
Note:
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. AVAILABLE ONLINE TO AUTHORIZED PSU USERS.