Busted: Bankers and The Global Economy

February 9, 2008

Deposit Checks Online?

Filed under: banking, money, security — Tags: , , , , — digitaleconomy @ 12:04 am

Remote Deposit Capture is the technology that allows the scanning of checks. It has been around for a few years, but has been used in business applications. Behold the new age of consumer banking. Now this service is being offered to consumers by scanning the checks through the home computers and depositing them electronically online. Electronic money for the customer makes another jump in the world of banking.

CheckFree Corporation is presenting the option to bankers as an online option for their customers. Customers need a scanner and banks need more fraud protection and probably a few new rules to make this miracle in technology work.

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