First Union Corp. is about to put itself on the check truncation firing line.

Within two months the Charlotte, N.C., banking company plans to begin testing a service that converts checks written by consumers at retail stores into debits that clear electronically through the automated clearing house network.

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.