Electronic Banking : The Check Truncation Issue.

Format:

Book

Government document

Language:

English

Subjects (All):

Checking accounts.

Finance--Law and legislation.

Technological innovations.

Physical Description:

1 online resource (6 pages) : digital, PDF file

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2001.

System Details:

System requirements: PDF reader software.

text file

PDF

Summary:

Provides overview of the paper check clearing process. Discusses electronic check presentation and truncation processes, associated costs and benefits, and proposed legislation that would eliminate the requirement to physically return original checks to paying banks by allowing banks to use electronic truncation, even in cases in which they are unable to obtain an electronic exchange agreement.

Notes:

CRS Report.

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.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Electronic Banking

Access Restriction:

Restricted for use by site license.