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Check 21 Clearing Law Prompts New Product.(Brief Article)
Los Angeles -- Dynamic Interface Systems Corp. here and Impact Strategy Group have unveiled a service, ScanOnce, to facilitate check clearing for the Check 21 law.
DISC, a supplier of loan servicing software for PCs, and Impact Strategy, a developer of electronic financial systems, said that ScanOnce is the only existing direct interface between a PC-based loan servicing system and the Federal Reserve banking system.
With the software, they said that any lender can launch automated clearinghouse transactions, sending them into the FedNet system with nothing much more elaborate than a scanner leased for $20 per month.
The companies said it saves money for ...
- Unique check clearing program cuts check clearing costs up to 35 percent or...
- Press release article from: PR Newswire August 7, 1989 700+ words
UNIQUE CHECK CLEARING PROGRAM CUTS CHECK CLEARING COSTS UP TO 35 PERCENT OR MORE FOR DIRECT MARKETING FIRMS MINNEAPOLIS, Aug. 7 /PRNewswire/ -- United Check Clearing Corporation of Minneapolis has announced that its new...
- Banks split on oversight of Fed check clearing. (small banks favor continuation...
- Magazine article from: American Banker Iida, Jeanne November 1, 1993 700+ words
...oversight of the Federal Reserve's check clearing business has received cautious approval...between correspondent banks providing check clearing services to others and community banks...has an unfair advantage in providing check clearing and other services because of its dual...
- Electronic check clearing alternatives take shape. (includes related article on...
- Magazine article from: ABA Banking Journal Murphy, Patricia A. May 1, 1993 700+ words
There's a brave new world of check clearing on the horizon, and paper checks have...As a result, several electronic check clearing and truncation projects hold promise...40 billion tab spent each year on check clearing, and new opportunities to enhance...
- The Fed's entry into check clearing reconsidered.
- Magazine article from: Economic Quarterly Lacker, Jeffrey M. Walker, Jeffrey D. Weinberg, John A. March 22, 1999 700+ words
The Federal Reserve's check clearing business has been a significant...concerning the Fed's entry into check clearing and to evaluate the conventional...failure, yet most discussions of check clearing in the early part of this century...
- New law transforms checking benefits.(ViewPoint)(Check Clearing for the 21st...
- Magazine article from: Westchester County Business Journal Markey, Joseph November 8, 2004 700+ words
...key. New federal legislation--the Check Clearing for the 21st Century Act, known as...supporting new operational reforms in check clearing that may produce significant benefits...include potentially reduced delays in check clearing, improved access to information...
- Electronic check-clearing embraced; NY group's move is aimed at speeding...
- Magazine article from: American Banker Gullo, Karen June 3, 1991 700+ words
Electronic Check-Clearing Embraced The New York Clearing...have experimented with electronic check clearing. Focus on Fraud The New York Clearing...their exposure to fraud after new check-clearing regulations went into effect in...
- Gonzalez: study selloff of Fed check clearing. (Representative Henry B....
- Magazine article from: American Banker Iida, Jeanne April 26, 1993 700+ words
...System should divest itself of its check-clearing operations. Bankers are cautiously...of and feasibility of transferring check-clearing services" to the private sector...assessment of the fair-market value of the check-clearing system of the Board of Governors of...
- Fed to close Salt Lake City check-clearing center.
- Newspaper article from: Knight Ridder/Tribune Business News August 4, 2004 700+ words
...intends to close its Salt Lake City check-clearing center and eight similar facilities...financial institutions turn to the Fed and check-clearing companies to present the checks their...use Denver-based SunCorp for their check-clearing needs. SunCorp maintains a check...
