VampyreGTX
Well-known member
- Joined
- Apr 6, 2003
- Posts
- 232
Working in the financial industry currently and spending years in banking before, Check 21 will not cause the dissapearance of checks overnight. Believe it or not, I actually had one bank (a VERY large, bank, with subsidiaries all over the world) actually have the VP of operations not know how to process a check 21 transaction. They bounced the transaction for our customer after another bank submitted his check for payout through the check 21 system. They said they had no clue what they got.... So trust me, it will be a very slow process. Especially installing the equipment in the local, small town privately owned banks. Airnet will have PLENTY of time to modify it's operations.