Several large banks are collaborating on a study to determine the cost of writeoffs that esult fom delays in the check-collection process.

The study is aimed at demonstrating that sending check payment infromation electronically to a payor ban the same day a paper check is deposited saves that bank significant sums of money by reducing the number of bad checks that a receiving bank accepts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.