The Check Clearing for the 21st Century Act permits banks to eliminate the movement of physical checks entirely.

Question

Quizplus · Accepted Answer

The Check Clearing for the 21st Century Act, also known as Check 21, authorizes banks to create digital copies of original paper checks and use those copies for payment processing, reducing the need for physical transportation of paper checks. However, physical checks can still be used and are not entirely eliminated.

The Check Clearing for the 21st Century Act Permits Banks