In another sign of the Check 21 times, CU*Answers said it is going to stop offering direct deposit encoding processing to its clients, effective April 30.
The provider of data and electronic check processing services cited the "many documented benefits for moving to a Check 21 solution" in its announcement.
They include reduced use of paper and dependence on courier services as well as enhanced image retrieval and disaster recovery, the company said. Remaining direct deposit encoding clients also have seen courier costs rise significantly because of reduced volume, CU*Answers said.
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