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Past Print Solutions, BPTR and IMR Articles News | Resources Past Print Solutions, BPTR and IMR Articles "What Check 21 Means to You" IMR, September 30, 2004 (Principals Only) "Check 21: It Won't Eliminate the Paper; It Will Eliminate the 'Push'" BPTR, January 2004 News April 30, 2004 Standard Register Launches Check 21 Legislation Plan Standard Register, Dayton, Ohio, launched a program to help financial institutions take advantage of cost savings that the Check Clearing Act for the 21st Century (Check 21) offers. The federal legislation, which goes into effect Oct. 28, creates a substitute check, which is an electronically imaged check with the same legal validity as the original paper check. By moving from paper to this electronic substitute, banks will be able to speed check processing while eliminating many of the costs associated with processing paper. Standard Register's Check 21 program includes three services--production of the substitute checks, processing of check statements with imaged checks, and an end-to-end program for creating and delivering insufficient fund (NSF) notices, year-end tax reporting and other highly personalized communications to customers. Resources From the Federal Reserve Board, here is final rule implementing Check 21, which takes effect Oct. 28, 2004, plus links to some background information on the new law. Click here. The Bank Administration Institute has a wealth of Check 21 information. Most likely it's this information that banks will rely on. Also from BAI, this 21-page pdf document contains highlights of the law, common terms and definitions, examples of substitute checks and more. Click here. Here is the Check 21 web page for the Financial Services Roundtable: Click here. The Electronic Check Clearing House Organization has a "Check 21 Implementation Aids" page at this link. Check Standards and Check 21 FAQ from the ANSI X9 (Financial Services) Standards Committee on Banking: Click here.   Free X9 Standards: Click here. "New Check 21 Act Effective October 28, 2004: Banks No Longer Will Return Original Cancelled Checks" National Consumer Law Center Inc. "Questions and Answers About the Check Clearing for the 21st Century Act, Check 21" Consumers Union, July 15, 2004 Check 21 Frequently Asked Questions PDF File of PUBLIC LAW 108–100 Canadian Standards for Checks—Specifications for Imageable MICR-Encoded Checks and Other MICR-Encoded Documents Other Web Sites that may have useful Check 21 information are: American Bankers Association America’s Community Bankers Bank of America Consumer Bankers Association Credit Union National Association Electronic-Check.org Federal Reserve Banks Federal Reserve Board Consumer Guidance Financial Services Technology Consortium Independent Community Bankers of America NACHA – The Electronic Payments Association or The Electronic Check Council Wachovia