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The article talks about the use of paper checks in the U.S. It discusses the passage of the Check Clearing for the 21st Century Act, also called Check 21, which was implemented in October 2004, that allows banks to substitute images of checks for the checks themselves, making for faster and cheaper processing. According to some financial analysts, checks are still useful in the U.S. unlike in Great Britain where paper check clearing will be phased out by October 21, 2018.

Examines how the Check Clearing for the 21st Century Act in the U.S. will influence the corporate treasury. Collection of corporate receivables; Concerns of the payable side of the corporation on company's checks; Issues to consider before jumping with Check 21 implementation plans.