2 Jul
2019
2 Jul
'19
5:26 a.m.
On 01/07/2019, Liam Proven via cctalk <cctalk at classiccmp.org> wrote (in part):
On Mon, 1 Jul 2019 at 14:01, William Donzelli
<wdonzelli at gmail.com> wrote (in part):
Yes. Most FIs and clearing houses scan them in and transmit signed
batches around, saving boatloads of money. The smaller FIs are still
an exception.
N.
There are still a few institutions and older
folks that still use
checks (like the annoying people that hold up the line in a grocery
store, writing out a check), so the image deposit system is just an
effort to cut down the foot traffic to banks.
And freighting trucks full of cheques from bank to bank, I thought?