Payor Conversion Resource Center

Our multi-year transition plan for the Payor Bank Services, which kicked off in 2007, came to a close. On December 31, 2009, MICR Presentment and MICR Presentment Plus with paper to follow, the last two legacy payor services remaining, were discontinued.

Customers who have migrated to Check 21-enabled presentment services are already enjoying the benefits of end-to-end electronic check processing.

Of course you can always migrate to Check-21-enabled services now and start enjoying the many benefits associated with end-to-end electronic check processing including:

  • Increased operational efficiencies
  • Reduced keying errors
  • Fewer cash letter adjustments
  • Freduced risk exposure
  • Lower Federal Reserve Bank fees*
  • Improved funds availability

Resources and References

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