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A Thing Growth in Electronic Check Conversion

 

Growth in Electronic Check Conversion

 

     The folks at NACHA have reported that checks converted from January of 1998 to January of 2000 have grown from less than 50,000 per month, to more than 1.5 million per month, and the number of business locations signed up for conversion grew from 515 to 24,656.

     Electronic Council Chair Steve Schutze gathered these statistics directly from service providers (see chart below left).

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