Quote:
Originally posted by Probono
I think until there is instant verification that the account is valid and funds are in it checks are not for this business. [/B]
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Probono, this is already a reality. We offer this if you want to use it.
Currently, it has coverage on more than 50% of the DDA accounts in the US.
The institutions that are not coded up to this are seeing all the check fraud (in the real world, not the miniscule Internet part) being diverted to them.
They have a serious incentive to code up to these systems. It will happen quickly.