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Oh I know it will come about, it is actually the next logical step for check processing and is far behind in coming about.
The costs in terms of implementing this new solutions are quite high though, and out of reach for the community credit unions and smaller banks. As long as they dont convert over the large banks will still get stuck dealing with the paper trail. They already will save large chunks of money because they wont have to return the paper checks to the consumers or even keep them in storage for any amount of time. Internally they can scan them and then destroy the originals.
I know this just from talking to the banks I service as customers. The software we sell allows banks to make starter checks for thier customers, and we have smaller branches and credit unions that order all thier supplies from us. In talking to them 90% of them didnt care if the checks they were ordering were check 21 compliant at this time.
What I called misinformation is that it will all happen on Thursday, it will be years before this becomes fully implemented throughout the US.
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