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

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

Product Type: Market Research Report
Published by: TowerGroup
Published: December 2006
Product Code: R301-1230

Description

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.

Table of Contents

TowerGroup Take-Aways
Report Coverage
Check Volume in Decline
Check Clearing for the 21st Century Act
Check Entropy: Exhibit 1 Check Usage in the United States (2000-09P)
Replacement of Checks
ACH Check Conversion: Exhibit 2 US Automated Clearing House Check Conversion by Type (2005-06)
Impact of Government Payment Practices
The Federal Reserve in Transition
Federal Reserve Check Clearing
Technology and Cost Impact: Exhibit 3 Federal Reserve Check Processing Centers and Check Volume (2003-07P)
Commercial Bank Impacts
Increasing Costs of Paper Checks
Transportation Services
Competition from Electronic Alternatives: Exhibit 4 Noncash Payments in the United States by Type (2000-09P)
Pricing Pressures
Summary

Ordering and More Information

Price and Delivery Options

MindBranch has been the leading provider of industry and investment research from more than 550 independent research firms since 1992. With over 90,000 market research reports, MindBranch is your trusted source of competitive business intelligence.