You've probably bought something in a store with a check even though you don't have the money in your account at the time. You figure you have a few days for the check to clear, and by then the money ...

The Check 21 law created the substitute check, or image-replacement document. After six years and a brief boom, IRDs are on their way to the payments dustbin, just as Check 21’s backers intended. What ...

Many bankers take a dim view of substitute checks, the payment instrument that would be forged by the truncation legislation wending its way through Congress. They are perceived as expensive to create ...