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Check clearing in the 21st Century: where are my checks?

Author

Listed:
  • Desiree Hatcher

Abstract

Financial institutions are understandably concerned with the technological and procedural implications of Check 21, but smoothing the transition with customers ultimately may prove to be the key challenge. Millions of people still use paper checks and won?t be happy to find facsimiles returned in their monthly statements.

Suggested Citation

  • Desiree Hatcher, 2005. "Check clearing in the 21st Century: where are my checks?," Profitwise, Federal Reserve Bank of Chicago, issue Mar, pages 12-15.
    • Handle: RePEc:fip:fedhpw:y:2005:i:mar:p:12-15
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