On 01/07/2019, Liam Proven via cctalk <cctalk@classiccmp.org> wrote (in part): > On Mon, 1 Jul 2019 at 14:01, William Donzelli <wdonze...@gmail.com> wrote (in > part): >> There are still a few institutions and older folks that still use >> checks (like the annoying people that hold up the line in a grocery >> store, writing out a check), so the image deposit system is just an >> effort to cut down the foot traffic to banks. > > And freighting trucks full of cheques from bank to bank, I thought?
Yes. Most FIs and clearing houses scan them in and transmit signed batches around, saving boatloads of money. The smaller FIs are still an exception. N.
