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The Next Phase of Check 21: Taking Back Control of Item Processing

Today's guest blogger is Chuck Butler, southeast regional manager of Bluepoint Solutions, tells credit unions how to get more bang for their Check 21 buck.

By Guest Blogger | Updated on September 16, 2010

During a recent discussion with a credit union CEO, I was reminded of the pre-Check 21 challenges that many institutions faced. Paper-based check processing brought a unique set of issues ranging from inclearings soaked in a rainstorm (which incidentally had to be ironed dry) to mechanical failures with the giant check sorter/reader machines. Item processing in a paper-based environment was downright messy, and at times, felt like a nightmare. As a result, these problems prompted many financial institutions to outsource item processing to third-party providers that could better capitalize on economies of scale. But the industry as a whole has made huge strides in electronic check processing and I would venture to say few institutions are still relying on paper to clear and process payments.

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