Saul Hansel , one of my favourite NYTimes reporters , writes about Fiserv ’s engineering science that ’ll let normal people deposit paper checks to their bank accounts by merely read them at menage .
USAA , the banking company that serves the armed forces , has done this for a while , but it has n’t picked up beyond there . Although the handicap Clearing for the 21st Century Act has made this potential , and one-half of all business enterprise check are deposit this way already , the system still need to be safeguard against fraud before it can really attain mainstream espousal pace . Interesting , but I ’d guess the bulk of Gizmodo referee use PayPal or World of Warcraft gold pieces or else of ye quondam checkbook . [ NYT Bits ]
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