October, 2003

Dear SWOAFP members/interested parties:

Please join us for the Cincinnati Treasury Management Association's second

meeting of the 2003/2004 season.

The meeting will be held on Wednesday, October 15th at the Holiday Inn

I-275 North in Sharonville/Blue Ash. The presentation begins at 5:00 PM

and will focus on the latest issues surrounding check conversion and

truncation. Rob Hayden and Christine Adkins with KeyBank will present

"Changes in the Payment Industry - What it Means to Me".   Some of the areas to be covered:

Check Conversion - Level 2

·        Case studies of businesses doing Check Conversion - how did they justify their business cases, what have their results been to date?

·        What are the main components of a POP or ARC check conversion environment?

·        What NACHA Rule changes do you need to know about with regards to Check Conversion?

·        A brief look at Check Conversion volume information for the first half of 2003

The Check Truncation Act / Check 21

·         The Check Truncation Act:  What it is and isn't

·         Current status

·        Key provisions of the Act

·        How CTA will impact and ultimately resolve current issue in the check world

·        Cash Management implications of CTA

Please feel free to contact any SWOAFP board member should you have any

questions or comments. For more information or to RSVP, please visit our

website at http://www.swoafp.org. We look forward to seeing you on

October 15th!

Steve Skerl, CTP

President - Cincinnati Treasury Management Association