ADVISORY/Widespread Electronic Check Clearing Closer to Reality; Fiserv Representatives Available to Discuss Implications of Check Truncation Act.Business Editors/Assignment Desks ADVISORY... --(BUSINESS WIRE)
WHAT: The Check Truncation Act, also known as Check 21, encourages
the use of check images versus paper checks for processing and
clearing. The bill, which was signed into law today by
President Bush, will have significant implications for banks,
financial services companies, businesses and consumers. While
Check 21 does not mandate the use of images, the law is
expected to encourage innovation in electronic check clearing.
Expert resources from Fiserv Inc. - the nation's largest
third-party processor of checks - are available to address:
-- The basics of check imaging.
-- The overall benefits of Check 21.
-- How further use of check imaging will reduce check fraud.
-- How Check 21 will be implemented.
-- What Check 21 could mean for business and consumers.
WHO: Norm Balthasar, Senior Executive Vice President and COO,
Fiserv, Inc.
Mark Damico, President, Fiserv Item Processing Group
Steve Ward, Executive Vice President, Fiserv Item Processing
Group
WHEN: Norm Balthasar, Mark Damico or Steve Ward are available for
interviews, show segments or panel discussions to address the
new federal law. To schedule with them, please contact Chuck
Doherty, (262) 879-5966, Chuck.Doherty@Fiserv.com; or Melissa
Quinn, (952) 851-7242, mquinn@tunheim.com
Fiserv, Inc. (Nasdaq:FISV) provides industry leading information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 14,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at www.fiserv.com. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion