It's because banks are still running rules from the middle ages...it just like how they keep a paper check that is local for a week even though it gets sent to a clearing house where it is cleared within a few hours. They hold on to that money as long as they can so they can invest it and make money off of it.
-----Original Message----- From: Sisk, Kris [mailto:ks...@gckschools.com] Sent: Thursday, June 17, 2010 2:27 PM To: cf-community Subject: RE: QuickBooks Online Edition - down for two days I never understood that. It's an electronic transaction. Why in the world would it take 48 hours to do something that's handled completely by computers on there end? It's not like they have a human looking over anything or a computer that's that slow (I hope). -----Original Message----- From: C. Hatton Humphrey [mailto:chumph...@gmail.com] Sent: Thursday, June 17, 2010 2:23 PM To: cf-community Subject: Re: QuickBooks Online Edition - down for two days One of the things that I have learned since I started here is how much time is needed to do certain things. Direct deposit, for example, must have 48 hours to process... at least by our bank (which is a big one). Which means that any Friday pay day has to be processed by Wednesday. If you can't access the system on Tuesday or Wednesday, you better be ready to cut a check by hand or have employees willing to wait until Monday to be paid. ugh! H ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:321439 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
