Remote deposit refers to the ability to deposit checks into a bank account from one’s home or office without having to physically deliver the actual check to the bank. This is typically accomplished by scanning a digital image of a check onto a computer, then transmitting that image to the bank–a practice that became legal [...]
The U.S. government has enacted a new law, the “Check 21 Act”, that allows U.S. banks to replace an original paper check from the check payment system, capture its image electronically and then destroy the original. This electronic image will serve as a legal document for all purposes. A paper reproduction of the electronic image, [...]
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