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Electronic Banking: The Check Truncation Issue

Description: This report discusses legislative issues regarding check truncation, which occurs when the check is stopped before it reaches the paying bank and the check clearing process is completed electronically. The United States banking system processes approximately 42.5 billion checks annually, but only a fraction of these checks is processed electronically by check truncation.
Date: November 8, 2003
Creator: Eubanks, Walter W.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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