How to Save Millions Using RDC

In 2003, before Congress passed The Check Clearing Act for the 21st Century, Nena Nodge, a Sysco Corporation director, learned one of the food distributor's operating companies was depositing check images instead of paper originals with a bank. Nodge investigated and discovered that Sysco Intermountain, Inc. had an arrangement with nearby Zions Bank in Salt Lake City. The bank could legally copy checks because of agreements it reached with paying and depositing banks and customers. Zions also…