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Never Go To The Bank Again

IHT:

And now even that trip is becoming obsolete. Many small businesses around the United States are starting to use scanners specially designed to turn paper checks into screen images that can be deposited over the Internet, without having to leave the office.

It is a practice called remote deposit, and it has trickled down from companies that process huge volumes of checks, like the credit card companies. After a law was passed in 2003 giving digital check images the same U.S. legal weight as paper checks, these companies set up operations to scan the checks they received from customers and deposit them electronically, en masse.

via Jim Hopkins.

Photo by ezola.

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