A draft Bill is being prepared to enable commercial banks process electronic cheques. Apart from amendments to the Bills of Exchange, other preparations taking place as migration to an electronic ...

The Fed continues to operate paper-based system while it invests in electronic check processing. The process of converting checks to digital images to expedite processing and reduce shipping costs ...

When President Bush signed the Check 21 legislation late last month, he was taking a major first step toward initiating a cheaper, electronic way to process the nation’s 40 billion paper checks. But ...