Episode 2 - How Paper Checks Became Digital: The Hidden Story Behind Check 21 & eChecks
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How did we go from flying bags of paper checks around the country… to depositing them with a smartphone… to sending eChecks by email?
In today’s episode, Mark takes us back to a moment in financial history that most people never realized shaped the modern payments world. Before mobile banking, before instant transfers, before digital checks, our entire U.S. banking system relied on one fragile assumption:
Checks had to move as paper.
Mark breaks down how that system worked, why it was so vulnerable, and the pivotal moments that pushed the industry into the digital era. From the ripple effects of 9/11 to the passage of Check 21 to the rise of mobile deposit, this episode maps out the major milestones that ultimately made eChecks possible.
Learn more about our eCheck service here. Or set up an appointment with the team here.
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