Electronic Banking : The Check Truncation Issue.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Banks and banking.

Electronic funds transfers.

Savings accounts.

Physical Description:

1 online resource (15 pages) : digital, PDF file

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2003.

System Details:

System requirements: PDF reader software.

text file

PDF

Summary:

Examines potential cost savings for the banking industry associated with H.R. 1474, the Check Clearing for the 21st Century Act of 2003, to facilitate check truncation by authorizing substitute checks to promote innovation in the check collection system without mandating receipt of checks in electronic form. Examines consumer groups reaction to H.R. 1474 and possible objections to universal check truncation.

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: The Check Truncation Issue

Access Restriction:

Restricted for use by site license.