What is banking industry uses for check processing?
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27 Pages Posted: 31 Oct 2008 Show
Robert J. KauffmanSingapore Management University; Singapore Management University - School of Information Systems Date Written: August 1989 AbstractCurrent management science models fail to adequately recognize that treasury management related tocheck payments has largely become an information management activity. Check processing operationslack the flexibility to capture information which can be used by treasury managers to make the mosteffective utilization of check-related funds. This argument is developed by examining the fit betweenmanagement science models and check processing practice in the U.S. banking industry, as well as at theFederal Reserve Bank, in view of the changes that information technology has wrought and the problems ithas the potential to solve. We critique models for inbound and outbound check processing and treasurymanagement for checks, and conclude that models which link check processing and treasury managementmodels hold out significant promise for improving management control. Suggested Citation: Suggested Citation Kauffman, Robert J., Check Processing as an Information Management Activity: Critical Review and Research Agenda (August 1989). NYU Working Paper No. IS-89-129, Available at SSRN: https://ssrn.com/abstract=1289703 Do you have a job opening that you would like to promote on SSRN?Paper statisticsFeedback to SSRN If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday. Get help with accessInstitutional accessAccess to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways: IP based accessTypically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account. Sign in through your institutionChoose this option to get remote access when outside your institution. Shibboleth / Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
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Signed in but can't access contentOxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian. Institutional account managementFor librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more. How are checks processed at the bank?Under the conventional method for processing paper checks, the check you write to a merchant (for example) is deposited by the merchant at the merchant's bank and the original paper check is then shipped from bank to bank. This process could take a few days.
Who processes checks for banks?Directly to the check-writer's bank. To a local clearinghouse exchange. To a correspondent institution (usually a very large bank or credit union) To a Federal Reserve Bank (there are 12 throughout the U.S.)
What is check payment processing?Electronic Check Processing (ECP) is a systematic method used to convert paper checks into Automated Clearing House (ACH) transactions or Check21 items via a lockbox network or a mobile application.
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