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Check 21
Check
21 Law Means Checks Clear Faster
Effective Oct. 28,
2004, the Federal Reserve implemented the Check Clearing for the 21st Century
Act (Check 21) in U.S. banks.
The Check Station-Electronic Conversion System allows a business to convert
paper checks into electronic images and deposit them into their bank account
from the comfort of their office. In addition to decreasing their costs in
check processing, we have added the convenience of re-presentment and recovery
of bounced checks.
Advantages and convenience of the Check Station include:
• No need
to endorse checks
• No
need to list checks
• No
need to fill out deposit slips
• No
need to make photocopies of checks
• No
need to go to the bank
• Quicker
funding -Online detailed reports 24 hours a day
The Check
Station also provides:
• Recurring
Payment Processing/Automatically
• Check
by phone
• Internet
check
• One
time ACH transactions
• Check
Recovery
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