Wednesday, February 27, 2008

New Bank Technology

While reading over the current events on CNN.com I came across an interesting article. The article explains how some banks are going to be allowing customers to deposit checks from home using a scan of the check. This was very interesting to me, and my first thought, especially after reading The Cuckoo’s Egg (see previous post), was about the security of it. I would imagine that it will be very difficult to distinguish a bad check from a good one when you are looking at a scan. The article does mention that each bank will put in their own fraud protection for the service, as to what that entails, they are not clear. I think that it will be very interesting to see where and when this becomes available to everyone, and I hope that it works to benefit customers, and not screw up bank accounts.

1 comment:

Britt said...

We chose to open a USAA bank account because they do this (our US Bank and Wells Fargo accounts wont work back east). I haven't tried scanning a check yet, but I think it's a good option for those people who don't have a branch close to them.