MILWAUKEE (AP) - 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 lets people scan checks through their home computers and deposit them electronically has been around for several years, 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.
REALLY? Well I wonder if they know that my bank, USAA, has offered this service for more than a year now! I may never go to a bank again, as everything my bank offers can be done online, including depositing checks. We scan them in, click a few times, and the money is instantly in our account, verified within seconds.
I often marvel at how much life has changed in the past twenty years. I would never have imagined...