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ARC At A Glance

Cost to Process 1 cent (average) compared to 5 cents for paper
Return Rate 0.54 % (compared to 0.5% for paper checks)
Benefits for Billers Faster notice on returns, improved collection on returns, lower bank fees
Growth Rate 468% in 2004
Benefits for Banks Lower costs for processing and back office staff, faster returns, limits fraud exposure
Regulations Covered by Regulation E and NACHAÕs Operating Rules

Sources: NACHA, Federal Reserve, Global Concepts, Banking Strategies interviews

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