Fed announces Check 21 strategy

Regulatory update

With the strategy, the Fed would accommodate the evolution of the payments system from paper check processing to electronic processing, a development driven by a significant broad-based change in user preference.

The strategy will entail launching new services and products to support the implementation of Check 21 in October, as well as streamlining its check processing infrastructure by discontinuing check processing at locations to be announced later in the year.

Reserve banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here