The Disappearing Check

The Chicago Sun-Times picks up AP's Eileen Alt Powell's story about the disappearing check.

Elliott C. McEntee, president and chief executive officer of NACHA, which is based in Herndon, Va., said most consumers seem comfortable with the electronic systems. He said a recent survey conducted for the group found that just 4 percent of check writers have called their financial institutions in the past six months with questions about check conversion payments.

"We think it's a service that creates a win-win situation," McEntee said. "It's good for consumers, and it gets more paper out of the check-clearing system."