Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Getting Rid of Paper: Savings from Check 21
David B. Humphrey (au)
The authors estimate the cost savings to the U.S. payment system resulting from implementing Check 21. This legislation initially permitted a paper substitute digital image of a check, and later an electronic digital image of a check, to be processed and presented for payment on a same-day basis. Check 21 has effectively eliminated the processing and presentment of original paper checks over multiple days. By shifting to electronic collection and presentment, the Federal Reserve reduced its per item check processing costs by over 70%, reducing estimated overall payment system costs by $1.16 billion in 2010. In addition, payment collection times and associated float fell dramatically for collecting banks and payees with consequent additional savings in firm working capital costs of perhaps $1.37 billion and consumer benefits of $0.64 billion. Figures and tables. This is a print on demand report.
Secret War in Shanghai: An Untold Story of Espionage, Intrigue, & Treason
Gershwin in His Time: A Biographical Scrapbook, 1919-1937
Dress Codes: Meanings & Messages in American Culture
Guide to Homoeopathy
Women Warriors: A History
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.