SAFETY
FIRST™
PROGRAM
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Check 21 Act:
- Effective
October 28, 2004
- InFlowTech is Prepared to
Provide Solutions
- Learn How This New Law
Affects YOU
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| Our document philosophy has always been to design a document that first serves to deter a potential check forger. However, in the event an attempt is made, to insure you are fully protected from any financial loss.
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The Check Processing for the 21st Century Act
(aka "Check 21") was passed in October 2003. It
becomes effective on October 28, 2004.
Under Check 21, here are some of the basics:
 Legally a bank may convert physical checks to digital image representations - Bank of first deposit will create the image or substitute check and indemnify all others
- All checks will need to be “Image Friendly”
- With actual item
(physical check) no longer available, check fraud is expected to increase
- UCC Comparative Negligence and Due Diligence doctrine will remain in effect
- What Should
You Do?
Every business owner and financial manager in
corporate America needs to be familiar with and understand the
ramifications of the "Check 21 Act" before it becomes
effective. They can do this by:
- Having Image Survivable
Document Features and
- Verifying First Tools used
within your organization.
It will have dramatic impacts on:
- Security
- Disbursement Services
- Deposit Services
So exactly how can you protect yourself?
- Don't Wait! The law
will become effective on October 28, 2004, whether you are ready
or not!!
- Get checks that are "Check
21" Compliant
- Contact InFlowTech now. Using
our SAFETY FIRST® program
strategies, we can provide enhanced security and 100% guaranteed Check 21 compliance.
We are
uniquely positioned to use our existing knowledge and offer protective
options that can reduce or eliminate your exposure to fraud.
Additional information is
now just a "click away" from you.
Please contact us if
you have questions or need additional information.
Check 21 Presentation by InFlowTech, Inc.
< Right Click Here
> to download, open and print on your local computer.
PDF Format | 10 Pages | 204 Kb
Check 21 Act - The Law
< Right Click Here
> to download, open and print on your local computer.
PDF Format | 18 Pages | 77 Kb
External Reference Links:
These links are provided as a professional courtesy to our current and
prospective clients. InFlowTech assumes no
liability for the availability or content published on these sites.
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