The Act that allows banks to transmit electronic images of checks, thus allowing funds to be transferred immediately is known as
A) Check 2004.
B) the Electronic Check Act of 2004.
C) the Fraud Detecting Act.
D) Check 21.

Question

Quizplus · Accepted Answer

Check 21, or the Check Clearing for the 21st Century Act, enables banks to handle more checks electronically, which speeds up the check clearing process.

The Act That Allows Banks to Transmit Electronic Images of Checks