Document Controls
For Financial Services Professionals
| Primary Analyst Photo | Document Information | Rate this Document |
|---|---|---|
|
July 23, 2004 Image Exchange Market Driven By Check 21 Legislationby Penny Gillespie, Connie Moore with Laurie M. Orlov, Carey Schwaber, Colin Teubner |
|
This is an excerpt
Executive Summary
Adoption of image exchange for check truncation enabled by Check Clearing for the 21st Century Act (Check 21) will be relatively slow in 2004 — only 12% of all US commercial banks will implement check image exchange this year. But by 2008, 100% of US commercial banks with greater than $10 billion in assets and 100% of commercial banks with $100 million to $1 billion in assets will have begun implementation. As infrastructure costs continue to rise substantially for exchanging physical checks, and the competitive threat from early adopters increases, banks that ignore check image exchange will be at a severe disadvantage.
TABLE OF CONTENTS
- Requirements For Image Exchange
- Decisions, Decisions . . . Evaluating Vendor Alternatives
- The Market Will Grow Moderately, Then Accelerate
RECOMMENDATIONS
- Prepare Now For Check Image Exchange
- Supplemental Material
- Related Research Documents
This is an excerpt
Buy Risk-Free
Price: US $2495
Our Service Guarantee: If you are not completely satisfied with this document, notify Forrester within 24 hours of purchase for a full refund.
Already a Forrester Client?
Log in to read this document.
