Check 21 Solutions From The Banker's Exchange

  The Check 21 solutions bill allows banks to substitute electronic check images for paper checks for the clearance and settlement process and paves the way for the industry to save billions of dollars and speed the processing of checks. Check 21 solutions calls for the use of "Image Replacement Documents" to be implemented within a year, but does not address the exchange of electronic images between banks in lieu of the original check. Lean how The Banker's Exchange can minimize your expenditure on end-of-life-cycle equipment as these sweeping changes transform the banking industry.

The Fed announces that after Oct 28th, Check Carrier Documents must not be used in check processing. This change will require that all checks being repaired must be done so by an alternate process. The Banker's Exchange has worked closely with Check Repair operations across the country for 13 years and have the most cost efficient option for CHECK 21 solutions compliancy.
Below is a link for the Policy change announced by the Fed.
http://www.frbservices.org/Retail/pdf/PRCheckCarrierPolicyChange.pdf

Check 21 Legislation

Equipment you need to meet the Check 21 solutions  requirement

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