Check 21 law to process checks faster
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Every night, millions of cashed checks fly around the country, headed for their home bank. Starting Thursday, technology will begin grounding many of those flights.
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A federal law known as Check 21 takes effect Thursday, and whether that&#39;s cause for celebration or commiseration is a matter of much debate.
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Rob Thompson has posted about some simple benchmarking he did comparing the speed of a series of "if" statements versus one "switch" with multiple cases.   I got curious about which is actually more efficient at matching a random integer with a set of conditionals. So, I setup a script to create a set of large scripts to test the speed of these different constructs. Using the 'time' command, I measured the speed at which the condition could match a random number.   His results found that the switch statement is generally more than 2 times as fast at matching a simple integer. His tests, however, didn't go through much more than this simple test. It'd be interesting to see what it would do with something more complex (like longer strings or handling the result of an evaluation inside the definition of the switch().
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NEW YORK - High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account.    On Oct...
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The Check Clearing for the 21st Century Act, or Check 21, takes effect Oct. 28. It is supposed to make check processing faster and more efficient by allowing banks to replace your paper checks with legal substitute
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St. Louis-based Commerce Bank has finished rolling out a system that enables tellers at its 340 branches to quickly access customer records and better sell new products.
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A new law that takes effect today will shorten the time a check takes to clear -- and muddy the finances of check writers who rely on the &quot;float.
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known simply as Check 21 â-oes into effect today and is expected to cut down the amount of time it takes for checks to clear the bank.
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Under a federal law that will take effect Thursday, the grace period between the time the check is written and when the money is debited from the account.
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Writing a check a day or two before you have enough money to cover it will soon become a riskier money-management strategy, some consumer and banking groups warn.
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If you&#39;re in the habit of playing beat the clock with your checking account, it&#39;s time to change your ways. Soon, the financial two-step known as the &quot;float&quot; will be much harder to pull off.
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Congress recently passed the &quot;Checks for the 21st Century Act&quot; - also known as &quot;Check 21&quot; - and it goes into effect today.
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What is Check 21? Check 21 is the Check Clearing for the 21st Century Act, which takes effect Thursday. It allows banks to replace paper checks with an electronic copy called a ''substitute check.&quot;
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WASHINGTON - A new $50 bill with touches of red, blue and yellow will be showing up soon at banks, in cash registers and wallets. A new $10 bill also is in the works, the third greenback to get colorized to cut back on counterfeiting...
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(New York-AP) Oct. 28, 2004 - Don&#39;t write a check you can&#39;t cover now. A new check processing system went into effect Thursday that speeds the time it takes for a check to clear.
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Review Waitrose's QuickCheck scanner a real time-saver
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The practice of &quot;floating&quot; a check until payday will become a thing of the past Oct. 28, when the new federal Check Clearing for the 21st Century