Citicorp and Chemical Banking Corp. are testing a check image exchange service with the New York Clearing House Association.

The service replaces paper checks with digitized images that can be exchanged over computer networks, speeding the return notification process.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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