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 Check 21 IRD Stock
History
Check 21 is short for "Check Clearing for the 21st Century Act.”
Passage of this law was accelerated after the terrorist attacks of
September 11, 2001 when restrictions in air transportation caused
delays in the processing of paper checks.
Purpose
The intent
of Check 21
is to reduce
the number
of paper
checks that
must be
physically
transported
through the
banking
system.
Electronic
processing
reduces
check-clearing
time, and,
as a result,
increased
electronic
transmission
of check
information
and check
images has
occurred
since the
law went
into effect
on October
28, 2004.
Components
For
electronic
transmission
to occur, a
digital
picture
(image) of
the original
check is
made. (In
most cases
the original
checks are
destroyed.)
If needed, a
document can
be printed
from this
image and
this
“replacement”
document is
referred to
as a
“Substitute
Check” or
“Image
Replacement
Document (IRD).”
Since the
IRD will
become a
legal,
negotiable
document
subject to
the same
conditions
and
regulations
as the
original
check, it is
extremely
important to
protect
against
fraud by
including
essential
security
features.
Conclusion
As a result,
Ganson has
developed an
“Image
Replacement
Document”
that has a
host of
security
features
including
invisible
fluorescent
fibers,
chemical
reactivity,
toner
adhesion and
heat
sensitive
ink. You can
order
samples
below. |
Price is per 1,000 Sheets
Shipping is $9.00 per 1000 Sheets for UPS Ground
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Ganson Engineering, Inc., 2901 W. Clarendon , Phoenix, AZ 85017
Tel 602-264-0288, Fax 602-277-5181
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Refer a new customer to us and after they place their
first order, we will reward you with a 5% discount on your next purchase!
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