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<a href="http://www.accessmylibrary.com/coms2/summary_0286-14116590_ITM" title="Facts and information about Check conversion or truncation--how & where to decide? Dealing with the new reality of multiple check electronification options.(required reading)">Check conversion or truncation--how & where to decide? Dealing with the new reality of multiple check electronification options.(required reading)</a>
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Check conversion or truncation--how & where to decide? Dealing with the new reality of multiple check electronification options.(required reading)
Introduction
A short while ago, the industry seemed to buzz with predictions of prodigious growth of check conversion. Yet, a significant number of retailers and billers alike have examined the business case for check conversion and found it lacking. With Check 21's passage, a new debate rages as to the superiority of two competing check electronification options--check conversion versus check truncation. These debates often overlook two fundamental realities:
* Payment systems can co-exist and have co-existed efficiently. Such systems are dynamic, gaining/losing traction over time. Thus, we should not necessarily object to the notion of coexistence ...
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- Check Conversion Slowed By Rules Debate.
- Magazine article from: Bank Technology News Murphy, Patricia A. November 1, 1999 700+ words
...compromise that places its fledgling POS check conversion program on a fast path of consumer...s determining who within the POS check conversion should be the keeper of the voided...the financial institution. In POS check conversion (sometimes known as truncation...
- Wells Fargo Rolls Out Nationwide Lockbox Check Conversion.
- Press release article from: PR Newswire April 22, 2003 700+ words
...it is now offering retail lockbox check conversion in six locations coast to coast...first U.S. bank to offer lockbox check conversion, also known as accounts receivable check conversion (ARC), beginning in December 1999...
- US: Wells Fargo rolls out lockbox check conversion nationwide.
- News wire article from: Asia Africa Intelligence Wire June 19, 2003 700+ words
...it is now offering retail lockbox check conversion in six locations coast to coast...first U.S. bank to offer lockbox check conversion, also known as accounts receivable check conversion (ARC), beginning in December 1999...
- Regulus Announces Wells Fargo as First 'Certified Bank' For Check Conversion.
- Press release article from: PR Newswire September 15, 2003 700+ words
...certification process for Check Conversion. Regulus' bank certification...solidifies all aspects of a Check Conversion workflow, including file...implement the Accounts Receivable Check Conversion (ARC) service with the knowledge...
- LML and CheckFree Partner to Deliver End-to-End Check Conversion Solution for...
- Press release article from: PR Newswire December 11, 2002 700+ words
...ACH Operations To Deliver Suite of Check Conversion Services With The Simplicity Of a...key technology for CheckFree's ARC check conversion strategy. LML Payments is an established...services for point-of-sale (POS) check conversion and also holds strategic patents related...
- Payments Convergence Driving Electronic Check Conversion.
- Press release article from: PR Newswire October 24, 2006 700+ words
...will dramatically increase electronic check conversion and processing over the next five...re on the verge of a major boom in check conversion," said Lufkin. "Individual and...to grasp the benefits of electronic check conversion." Lufkin said some businesses have...
- U.S. Bank selects RDM to provide check conversion services; Toronto Stock...
- Press release article from: PR Newswire January 21, 2004 700+ words
...been selected by U.S. Bank to be a check conversion application services provider. U...Management System (ITMS) to provide check conversion solutions for dropbox items and corporate...processing. ITMS is a web-based check conversion & truncation system that facilitates...
- Regulus Launches Nationwide Check Conversion Service.
- Press release article from: PR Newswire November 5, 2002 700+ words
...successful pilot of a new electronic check conversion capability and is now launching its...aggressive position in deploying Electronic Check Conversion for our corporate clients. The benefits...them can be enormous." Electronic Check Conversion, or ARC (Accounts Receivable ...
- Check Conversion: Is Rising Arc Rate Bad For Check 21?: As accounts-receivable...
- Magazine article from: Bank Technology News Sisk, Michael July 1, 2005 700+ words
...revelation that accounts-receivable check conversion, implemented two years ago, has...his bank daily. Mistaken business check conversion is especially vexing for NACHA, Williams...Williams says NACHA should OK business check conversion to ARC within the next 18 months...
- IVI Checkmate, BankServ and CrossCheck Announce Guaranteed Electronic Check...
- Press release article from: PR Newswire May 10, 2000 700+ words
...release of a Guaranteed Electronic Check Conversion Program for retailers. The comprehensive...BankServ is providing the electronic check conversion services, CrossCheck is providing...industry. The Guaranteed Electronic Check Conversion Program makes accepting checks as...
Source: HighBeam Research, Check conversion or truncation--how & where to decide? Dealing...