Electronic delivery is affecting almost every industry, and banking is no exception. In fact, many banks have already begun truncating checks by delivering photocopies of checks or by sending a list - ...

Many bankers take a dim view of substitute checks, the payment instrument that would be forged by the truncation legislation wending its way through Congress. They are perceived as expensive to create ...

The Check 21 law created the substitute check, or image-replacement document. After six years and a brief boom, IRDs are on their way to the payments dustbin, just as Check 21’s backers intended. What ...