Payment Systems Check 21 with New Solutions

With the enactment of Check Clearing for the 21st Century Act (Check 21) banks are no longer required to physically exchange original checks. Although the legislation limits itself to making a “substitute check” created from an image the legal equivalent of the original check, it is widely expected to promote image interchange between financial institutions.

Check 21 has the potential to save financial institutions over 2 billion dollars annually and to reduce the exposure to unexpected transportation disruptions.

Check 21 creates the opportunity to...

• Accelerate clearing cycles and increase investable funds
• Reduce fraud
• Eliminate the dependency on physical shipment of checks between financial institutions

Unisys remains committed to payment solutions

• We will support the financial institutions with their implementation of Check 21.
• We offer flexible and scalable transports to capture images where and when it provides the best overall business case.
• Unisys is a leader in image technology. All our systems capture front and rear bi-tonal and grayscale images in a single item pass.

The Unisys Network Document Processor (NDP) family of transports creates images that are compatible with the production of substitute checks, and comply with industry standards.

Unisys provides enhanced capabilities in conformance with the X9.180-100 standard to help insure image:

• Quality - verify the image quality at the time of capture (Image Quality Flags).
• Security - digitally sign images at the point of creation to prevent fraudulent alterations.
• Integrity - provide software to verify that images are usable for the intended purpose.

Upgrade kits for previously installed systems will be made available, based on date of manufacture.