Checks > 9-11 And Your Checking Account

9-11 And Your Checking Account

Imagine a catastrophic event triggering the government to change the rules covering your checking account. Actually, you don't have to imagine it because it happened in New York on 9-11.The ensuing halt to commerce in the immediate days after 9-11 (about four total) was enough of a catalyst for our otherwise sloth emulating elected
Congressional representatives to pass an act that would ensure the transfer of checks between financial agencies would not again be disrupted by catastrophe, act of God, or dumb luck.The act is called The Check 21 Act and went into effect on October 28, 2004. It created a new negotiable instrument called the substitute check so that once a customer's check is deposited, the funds will be available in a matter of hours. This is obviously a plus for the party to whom written.Float time, the once magical free ride, has virtually disappeared. Not in every instance but you can bet your bottom line, in most.

This is a minus unless your bank isn't using the substitute check negotiable instrument.Asking your banker is your only way to know for sure. Of course, if you have been reading your statements, the answer may be right in front of you. But, it may not. So, repeating myself, ask your banker.If your bank is using the substitute check, it is electronically transferring funds instantly between the account on which the check is drawn and the account into which it is deposited. Some would say that is nothing more than a simple bank transaction.I would agree but the kicker is the original paper check never changes hands.

If you see an inherent problem, welcome to the club. However, this article isn't about problems, inherent or otherwise, with electronic facsimile substitute checks, it is about you knowing about the new procedure put in place by the government to insure commerce continues even under the most dire of events.You can learn more about the Check 21 Act by visiting the Federal Reserve at:www.federalreserve.gov/paymentsystems/truncation/default.htmI don't know about you, but I believe being forewarned means being forearmed..

Tom Koziol is the author of ?Credit Card Capers: All Their Dirty Tricks Exposed? detailing the new lows to which banks have stooped to eviscerate your bank account via the credit card. Learn more at: http://www.creditcardcapers.com deadrun@jps.net

Financially Stable Kids ? Prepared for College

We are all familiar with the stories that most students have when they finally get through those last days of college. Their financial states are in ruins, with accumulated credit card debt along with the student loans. Grants and scholarships are indeed blessings, but the reality is that students cannot possibly survive on financial aid alone.Most parents would love to send their kids to school. Unfortunately, many parents just do not have the funds necessary to pay for tuition, books, housing, and all the hidden costs that come with college. This does not mean your kids should stay away from college.

It simply means that the financial planning starts now.There are some basic strategies to follow in order to be in the best shape possible after college. The learning starts before college, the rewards will come after.

Get a part time job ? in the chosen field. Most students find jobs to help out with the bills and to gain some spending money. The mistake many of them make...

Financially Stable Kids ? Prepared for College

Checks > Financially Stable Kids ? Prepared for College

Financially Stable Kids ? Prepared for College

Get a part time job ? in the chosen field. Most students find jobs to help out with the bills and to gain some spending money. The mistake many of them make...

Financially Stable Kids ? Prepared for College

Checks > Financially Stable Kids ? Prepared for College

Possibilities: The Point of Sale Industry Global Markets and Players

Boston, MA (ContentDesk) July 16, 2004 -- The world is rapidly shifting from cash and checks to electronic payments.
POS terminals, as the interface between the consumer and the banking networks, are at the core of the movement.
Prior Mercator Advisory Group research investigated a variety of technologies driving the evolution of the black box at the checkout such as IP enablement, Contactless Cards, and RFID Tags.
This report delves into the Global marketplace for POS Terminals and analyzes the regions and vendors that are implementing changes that are radically altering the shape of retail payments.Nick Holland, Director of the Emerging Technologies Advisory Service at Mercator Advisory Group and co-author of the report comments:"This Brave New World is happening now and the vendors of POS hardware and software are preparing for the innovations that lie just around the corner.
The definition of what a POS terminal is and does is being stretched....

Possibilities: The Point of Sale Industry Global Markets and Players

Checks > Possibilities: The Point of Sale Industry Global Markets and Players

What About Alabama Child Support!

Alabama Child Support
In order to receive Alabama child support you must first establish child support. In order to establish
child support in the state of Alabama, you must make sure you have a court order verifying the amount of medical support and payment required.

You must also locate the non-custodial parent who is avoiding child support. Some parents avoid paying child support by relocating to another state. If you have difficulties locating the non-custodial parent, there are several agencies the will help assist you
on locating the missing parent.

Child Support Payments
Alabama child support payment can be collected by using a system called Alabama Location Enforcement Collection System.

Once payments are received at the Alabama Child Support Payment Center, they are distributed to the payee. Alabama has a voice response system which provides automated information on payments and distributions....

What About Alabama Child Support!

Checks > What About Alabama Child Support!

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