Federal Reserve/ECCHO report shows unprecedented growth in check images. For more information click here

Check Image Exchange Rules - DO WE NEED THEM?

"Financial institutions that exchange check images without coverage under Check Image Rules or otherwise expressly addressing the unique legal issues associated with check image exchange, potentially expose the sending and receiving financial institutions to increases in payment and operational risks." The CheckImage Collaborative has developed a document exploring the need for rules to support image exchange. Click here for The Role of Private Sector Rules and Federal Reserve Rules in Check Image Exchanges.