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New federal legislation eventually will cut the time between writing a check and seeing it clear at the bank. The Check 21 Act will take effect Oct. 28, allowing banks to accept a substitute check as ...

Bank customers will see very little change as the Check Clearing for the 21st Century Act comes to Grand Island, two local bankers said. The law, commonly referred to as Check 21, will become ...

WASHINGTON -- A new Federal law allowing for all-electronic check transaction processing promises to make having reliable and secure network services even more of a necessity going forward. On Oct. 28 ...

WASHINGTON (CBS.MW) -- Debit cards, direct-deposit payroll and other technology taking the place of traditional check writing is forcing the Federal Reserve to streamline its check clearing operations ...