A federal law known as Check 21 takes effect today, and whether that's cause for celebration or commiseration is a matter of much debate.The banking industry says the law will make the nation's ...

Effective Oct. 28, 2004, the federal Check 21 Act permits banks and their business customers to create secure networks for transmitting electronic images of checks instead of having to physically ...

This week, U.S. banks will reach the first mandated milestone on the way to what’s arguably the biggest change in the way they process checks since the introduction of magnetic ink character ...

A: It might, depending on how you currently handle your business checking. Check 21 is what the new Check Clearing for the 21st Century Act is being called. The law, which took effect Oct. 28, makes ...

NEW YORK -- High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account. On Oct. 28, banks will begin implementing the Check Clearing ...