E-StatementsIn an effort to provide a higher level of customer service, convenience, and reduce the costs associated with printing and mailing statements, many financial institutions have turned to online banking and electronic statements to provide customers with a convenient way to check their accounts and do business. With Truncation and Electronic Cheque Presentment (TECP), slated for implementation and The Check Clearing for the 21st Century Act (Check 21) already underway, a growing number of physical checks are being replaced with check images, making e-statements a logical statement delivery option.