CHECKING OPTIONS

At 8 a.m. Pacific Time on Oct. 28, 2004, Wells Fargo received its first electronic transmission of a check image per a new federal law that went into effect that day, marking a new era in check processing. The law's ramifications continue to be felt a year later by banks, retailers and consumers.That law, the Check Clearing for the 21st Century Act (or Check 21) allows banks to receive check images

At 8 a.m. Pacific Time on Oct. 28, 2004, Wells Fargo received its first electronic transmission of a check image per a new federal law that went into effect that day, marking a new era in check processing. The law's ramifications continue to be felt a year later by banks, retailers and consumers.

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