The Payments Podium

Check 21: Writing the Book, Chapter 1


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In this captivating episode of "The Payments Podium," join us for an exclusive journey through the evolution of electronic checks, featuring the legendary Phyllis Meyerson and David Walker. Discover the untold stories and pivotal moments that transformed the check processing landscape. From the manual and chaotic early days of check handling, including checks literally falling off trucks, to the innovative leap toward electronic transactions, this episode is packed with fascinating insights and anecdotes. Learn about the genesis of the idea that led to Check 21, the monumental effort to convince the banking industry, and the legislative challenges that were overcome. This special edition goes beyond the typical discussion, offering a behind-the-scenes look at how electronic payments pioneers navigated the complex world of checks, culminating in the landmark Check 21 Act. Whether you're a payments professional or simply curious about the history behind today's electronic transactions, this episode promises an enlightening and entertaining exploration of how a crucial aspect of the banking system was modernized against all odds.
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The Payments PodiumBy The Payments Professor

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