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Article: Business customers save trips to the bank with remote scanners: The Check Clearing for the 21st Century Act, better known as Check 21, is intended to reduce checkclearing time by relying more on automation.
- Article from:
- Reading Eagle (Reading, PA)
- Article date:
- September 23, 2007
CopyrightCOPYRIGHT 2007 Reading Eagle. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Christopher Hinz
Sep. 23--Businesses can scan checks in their offices and eliminate regular trips to the bank to make deposits, thanks to a technology called Remote Deposit Capture, or RDC.
The process digitally transmits checks over the Internet to banks.
"This is really the wave of the future," said Bob Eggstein, senior vice president and sales director for Wachovia's Mid-Atlantic region. "It's getting paper out of the system as much as possible."
The Charlotte, N.C.-based bank, which first offered RDC two years ago, is one of many banks now providing the service.
Leesport Financial Corp., Spring Township, began ...