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, The Check Clearing for the 21st Century Act will take effect, allowing banks to send a digital image of a check to the processing bank rather than the physical check itself. The legislation was signed into law last October. "The law facilitates check truncation by creating a new, negotiable ...
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