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Deposit Checks From Home -- Coming Soon

by Will Safer on February 7, 2008 at 06:29 PM

CheckFree Remote Deposit Capture

You soon may be able to deposit checks from home just by scanning them into your computer. An online banking service provider called CheckFree is introducing a technology that allows consumers to scan and transmit check images that is similar to what businesses have been using for some time. The system is called Remote Deposit Capture and all a consumer needs is a scanner, computer, and Internet connection to utilize the system.

CheckFree's services are already being used by the top 150 banks in the United States, so it's just a matter of them tailoring the technology to their customers' needs, according the to the company.

To set it up for home use, a bank would integrate the technology into its existing online banking portal. Consumers would log in, enter deposit information, and then scan a check. The image transfer is encrypted to protect your information.

CheckFree claims its technology will help banks cut down on ATM fraud, such as when consumers insert empty envelopes into ATMs after claiming a dollar value for checks or cash inside.

We just like the idea of not having to touch those ATM buttons, which we recently learned are disgusting.

From The Honolulu Advertiser/AP.


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Tags: bank, banking, checkfree, home banking, HomeBanking

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