Something all college students and recent graduates should be made aware of. :)
-rick Infowarrior.org September 29, 2004 Digital Image Act Spells End of Check 'Float' By Clint Boulton Banks are facing a new federal regulation that greenlights digital checks in lieu of paper documents. While a hassle for the financial services space, Check Clearing for the 21st Century Act, or Check-21, is creating new opportunities for archiving service providers and storage vendors. Check 21 ends the float time for checks to clear, freeing up banks to use digital copies of checks in place of paper. Called image replacement documents (IRD), they have the same legal status as their paper predecessors. The digital image checks clear immediately. Paper checks generally require a day or two to be processed. < snip > http://www.internetnews.com/ent-news/article.php/3414351 -- You are a subscribed member of the infowarrior list. Visit www.infowarrior.org for list information or to unsubscribe. This message may be redistributed freely in its entirety. Any and all copyrights appearing in list messages are maintained by their respective owners.
