As Check 21 approaches its first birthday,Treasury & Risk and Wells Fargo surveyed T&RM readers for the second year in a row about the effects of the legislation. The responses suggest Check 21, which allows companies to substitute an electronic image of check for the original paper check, is still in its infancy as a force in cash management. Eighty percent of the executives say Check 21 has had little or no impact on their business. Just 16% say their companies are using remote deposit, the new product most closely identified with the legislation; 39% of the remaining companies say they plan to adopt it in the next year. The question seems to be whether Check 21 is still filtering down to the masses or already being overtaken by more sophisticated payment technology. T&RM and Wells Fargo surveyed 321 financial executives between July 27 and August 8 2005.
If Winston Churchill’s observation that “the optimist sees the opportunity in every difficulty” still holds, then upbeat treasury leaders possess especially sharp vision these days.
Original research project explores how companies are managing the credit risk posed by their trading partners and financial counterpartiesand how they could be managing it better.
Liquidity concerns, among other problems, have driven the company’s stock price down 27 percent in the just past month.
Treasury & Risk
Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!
- Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.