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Check 21 in 2007: The Year of Image Exchange

Published by: TowerGroup

Published: Dec. 18, 2006 - 9 Pages


Table of Contents



TowerGroup Take-Aways

Report Coverage

Background

Exhibit 1 Substitute Check and Image Exchange Presentment Volume (Q1-Q4 2005)

Exhibit 2 Estimated Interbank Check Presentment Volume (2005-09)

2006: Image Exchange Takes Off

The Federal Reserve System

Endpoint Exchange

SVPCO

ViewPointe

Rapid Growth of Image Exchange

Substitute Check Volume Growth Also Strong

Exhibit 3 Image Exchange Presentment and Substitute Check Volume (Q1-Q4 2006)

2007: The Year of Image Exchange

Exhibit 4 Estimated Check Presentment Volume by Type (Q1-Q4 2007)

Substitute Check Presentment to Peak

The Transformation to Image Presentment

Exhibit 5 Estimated Check Presentment Volume by Type (2006-09)

Summary

Abstract

This TowerGroup Research Note provides background on the Check Clearing for the 21st Century Act (Check 21) and the technology impacts of the legislation. The Note's focus is the drivers for substitute check and image presentment. The Note also details check presentation volume by type of presentment for the 2006-09 timeframe.

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