Wednesday, February 27, 2008

Scan, Deposit Checks from Home

Online banking service provider CheckFree Corp. is rolling out technology that could mean consumers will no longer have to go to a bank branch to deposit checks. Called Remote Deposit Capture, the technology has been around for years and lets people scan checks through their home computers and deposit them electronically. But it has been used mainly for businesses. Customers want to be able to deposit checks without having to go to banks, said Rod Springhetti, CheckFree's vice president of global strategic marketing, and banks want to be able to offer that. "I think the ability to remotely capture a check will become part of the standard features and functions of online banking," Springhetti said. CheckFree said the service is available starting this week for any consumers who bank online, as long as their banks offer it. Recently acquired by Brookfield-based Fiserv Inc. for about $4.4 billion, CheckFree has been in discussions with institutions large and small, though none have committed to using the technology, Springhetti said.
http://www.cnn.com/2008/TECH/biztech/02/07/check.scanning.ap/index.html

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