Beyond Images: The Impact of Declining Check Volumes in the United States: Industry

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Beyond Images: The Impact of Declining Check Volumes in the United States

Published Date: December 2006

Published By: TowerGroup

Page Count: 9

Order Code: R301-1230

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Image exchange is on the verge of becoming a mainstream method for clearing checks, but commercial banks and the Federal Reserve Banks must now support both paper and image clearing processes in a market undergoing a steady reduction in check issuance and processing. This TowerGroup Research Note explores the apparent paradox of declining check volumes and increased investments in image exchange technology. It offers an insight into check volume trends and the associated impact on Federal Reserve and commercial bank processing.

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