Consumer Impact of Check 21
Consumer Impact of Check 21
October 2004 (Newstream) --
ANCHOR LEAD: New legislation is going to change the way banks process your checks. Here to tell you more is Matt Kelly. (:55)
SCRIPT: Consumer Focus, I'm Matt Kelly. Millions of Americans write checks every month to pay their bills, often with money that's not yet in their accounts. It's called "floating," and a new law called 'Check 21,' set to take effect this week, could dramatically alter this practice. Stuart Williams, a CheckFree executive.
CUT: (Williams) Check 21 converts paper checks into electronic images, speeding up the payment processing time. Americans used to floating payments should consider an online bill payment service to electronically schedule the specific day a payment is made and better manage cash flow.
SCRIPT: Williams says this new legislation, coupled with the ease of online bill paying, is moving the country toward a checkless society. He suggests consumers direct-deposit paychecks for quicker fund availability, and they take advantage of the paperless process the banks are using and enroll in an online bill payment program to better control their finances. For more information, visit www.checkfree.com/check21. I'm Matt Kelly
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Produced for CheckFree
CONTACT:
Soraya Morgan, 212-812-7107
SEO Services
Search Engine Optimization
SEO Company
October 2004 (Newstream) --
ANCHOR LEAD: New legislation is going to change the way banks process your checks. Here to tell you more is Matt Kelly. (:55)
SCRIPT: Consumer Focus, I'm Matt Kelly. Millions of Americans write checks every month to pay their bills, often with money that's not yet in their accounts. It's called "floating," and a new law called 'Check 21,' set to take effect this week, could dramatically alter this practice. Stuart Williams, a CheckFree executive.
CUT: (Williams) Check 21 converts paper checks into electronic images, speeding up the payment processing time. Americans used to floating payments should consider an online bill payment service to electronically schedule the specific day a payment is made and better manage cash flow.
SCRIPT: Williams says this new legislation, coupled with the ease of online bill paying, is moving the country toward a checkless society. He suggests consumers direct-deposit paychecks for quicker fund availability, and they take advantage of the paperless process the banks are using and enroll in an online bill payment program to better control their finances. For more information, visit www.checkfree.com/check21. I'm Matt Kelly
------------------------
Produced for CheckFree
CONTACT:
Soraya Morgan, 212-812-7107
SEO Services
Search Engine Optimization
SEO Company
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