In its role as service provider, the Federal Reserve will continue to promote the efficiency of the nation’s payments system. The Reserve Banks are now pricing their check services to encourage the greater use of electronic check products relative to paper check products.
The Reserve Banks are also  BIS Review 38/2006  3  leaders in providing Check 21 services to encourage depository institutions to shift to the greater use of electronics in check processing and have been working collaboratively with the industry on electronic check standards and other technical issues.