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.

Consumer protection.

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:

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.

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.