On October 28,2004,________________ Became Law,permitting Depository Institutions to Electronically Transfer

question 129

Short Answer

On October 28,2004,________________ became law,permitting depository institutions to electronically transfer check images instead of the checks themselves.

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Definitions:

Six Sigma

A set of techniques and tools for process improvement aimed at reducing errors and improving quality in manufacturing and business processes.

Continuous Improvement

A management philosophy that focuses on making ongoing efforts to improve products, services, or processes.

Culture

The collective attitudes, customs, values, and practices that characterize a group, organization, or society.

Reactive Change

Modifications or adjustments made in response to external pressures or unforeseen events, rather than through proactive planning.