On October 28, 2004 new check legislation called Check 21 became effective. Check21 automates check processing by the Federal Reserve, requires checks to transfer between banks electronically, and may accelerate the time it takes checks to clear from days to just hours. Banks and retailers will use MICR check readers to scan paper checks into an electronic data stream causing MICR ink or toner to become mandatory for processing and scanning checks at banks and retail.

With new VersaCheck software, VersaCheck SecureBond™ check paper, VersaInk magnetic precision ink and toner, VersaCheck.com, is offering its users full Check 21 compliance, the ability to print MICR readable checks using inkjets or laser printers.

 
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