The evolution of electronic check collection How will electronic check collection evolve in the years to come? The industry is discussing several possible models. In the first, check images are transmitted to the paying bank along with the MICR-line payment information.
This extension reflected the fact that the economy had not yet reached full capacity in the current cyclical upswing. It would, therefore, be helpful to have the economy demonstrate more fully its ability to perform well under conditions of low inflation before determining the appropriate long-run target consistent with price stability.