Banks may process electronic "substitute checks" in place of customer written hard copy checks due to the:

Question

Quizplus · Accepted Answer

The Check Clearing for the 21st Century Act, also known as Check 21, allows banks to process electronic "substitute checks" in place of traditional, hard copy checks. This improves the efficiency and speed of the check-clearing process while reducing costs. The other options listed do not pertain to electronic check processing.

Banks May Process Electronic "Substitute Checks" in Place of Customer