National Business Committee of Banks Formed to Streamline Check Processing

Wednesday 20 October 2004 09:45 CET | News

Peter Allutto of The Bank of New York has been named Chairman of the newly created National Business Committee.

The 26-member National Business Committee is an advisory group to SVPCO- Check Services and is designed to identify opportunities to increase the efficiency of check processing, reduce costs, improve customer service and provide strategic direction and leadership as the industry continues to consolidate and transition to electronic payments. The Committee comprises institutions of all sizes and is represented by senior bankers focused on check clearing, settlement and payments risk management. The Committee will meet at least twice a year. Regional committees will meet more often to solicit and provide additional input to the national committee. Mr. Allutto, a Senior Vice President with The Bank of New York, was elected to a two-year term of the National Business Committee.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce