How will Check21 make check processing more efficient?
Instead of physically moving paper checks, Check21 will allow banks to process checks electronically. Banks can capture a picture of the front and back of the check along with the associated payment information and transmit this information electronically. If a receiving bank requires a paper check, the bank can use the electronic picture and payment information to create an actual paper check. This process enables banks to reduce the cost of physically handling and transporting original paper checks.
