Fed announces final pricing for Check 21

Bank News, October, 2004 by Anonymous

Final pricing on their Check 21-related services has been announced by the Federal Reserve Banks. The services will be available Oct. 28.

"These services complement our existing paper and electronic check collection services to deliver flexible solutions for our customers," said Fred Herr, senior vice president of the Federal Reserve Banks' Retail Payments Office in Atlanta. "Our approach to pricing the Check 21 services strongly reflects our commitment to facilitating greater industry efficiency through electronic clearing."

Detailed product information, fee schedules and downloadable spreadsheets containing endpoint tiers are available online in the Check 21 and Fee Schedules sections at www.frbservices.org.