When President Bush signed the Check 21 legislation late last month, he was taking a major first step toward initiating a cheaper, electronic way to process the nation's 40 billion paper checks ...

IBM and Viewpointe Archive Services LLC will jointly build a national system for banks to store and access billions of digital images of checks and other data to aid in the processing of payments.

Banks fight similar battles internally as traditional paper check processing systems convert to image processing and electronic lockbox. While these electronic services increase productivity and ...