Thus, banks are starting to realize many of the benefits of the end-to-end electronic check processing that were envisioned when Check 21 was enacted, including efficiency gains and cost savings. In addition, they are beginning to offer their customers new and better services. For example, some banks are offering their business customers the ability to truncate checks and deposit them electronically.
As I said, I am fairly optimistic that we will not have to. But it is always an option. Security and real-time payments Finally, let me say a few words about fraud. It has been noted that in a world of real-time payments, fraud can also be done in real time.