Fiserv Intros Check 21 Program
Fiserv, Inc. has announced the availability of a Check 21 preparedness program that it says will help financial institutions prepare for what many are calling the biggest change to check processing in more than 40 years. Norm Balthasar, Senior Executive Vice President and COO said Fiserv's program is designed to ensure that financial institutions can easily prepare for the Oct. 28, 2004, implementation of the new law. Fiserv, the nation's largest third-party check processor, has hosted more than 2,000 financial institution executives at a continuing series of Check 21 seminars across the country. But, Balthasar said, Fiserv found a profound need among financial institutions for additional support.
"We have learned from talking with our clients that most still have quite a bit of work remaining to get ready for this new era in check processing," Balthasar said. "We hope, through this program, to ease the transition and to give financial institutions the confidence that they are doing the right things to get ready for Check 21."
Fiserv's program will address two important Check 21 components-staff education and customer notification and awareness. All of the offerings will be accessible through the Fiserv Resource Center at www.fiservrc.com.
The introductory material is available now with additional elements to be added once the Federal Reserve publishes the final rules for Check 21 in July.