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Check 21


Below is an article, courtesy of Scott Blakeley Esq., concerning Check 21, the federal law that took effect October 28,2004 that changes the method by which checks are processed, and also changes the technology of check payment and acceptance. What does Check 21 mean to the credit professional and how may it change the way the customer pays for its purchases? Might Check 21 reduce the risk of NSF checks and bust outs? Could Check 21 improve the credit professional's DSO as check-processing time is shortened? Will payment by check become an even more common payment method in B2B transactions? This article discusses Check 21 and the credit professional.

Check 21 Article (Courtesy of Scott Blakeley, Esq)

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  Last Updated: September 01, 2010