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

Question

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The Check Clearing for the 21st Century Act (also known as Check 21) allows banks to create electronic "substitute checks" in place of physical checks for processing purposes. This helps to expedite the check-clearing process and reduce costs for banks. The other options listed are unrelated to this particular topic.

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