The Banker’s Exchange, one of the nation’s leaders in providing new and used bank equipment, today announced the launch of a public service campaign aimed at helping customers understand Check 21 Legislation. Banker’s Exchange unveiled the first in a series of public service announcements to be posted online explaining what must be done now and what can wait regarding the Check 21 Act.
Carroll Beach, President and CEO of the Colorado Credit Union System for 30 years, has established a formal advisory-consultative relationship with John M. Floyd & Associates of Houston, the leading creator of automated check overdraft programs for financial instituions.
This report identifies five areas of risk involved in deploying large projects and then identifies many specific risks inherent in Check 21 and distributed check imaging. While each individual financial institution ultimately faces its own unique circumstances, the report presents the key areas that every financial institution needs to consider and we trust that the report will be instrumental in guiding the institution's auditing of their own risk assessment effort.