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.

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