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Old 09-17-2008, 07:46 AM  
TheDoc
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Join Date: Jul 2001
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Quote:
Originally Posted by WTS - Ben View Post
Real-time debits ?

These are POS (point of sale) transactions.

The consumer is present and the check is scanned for the MICR data. This is not available for non face-to-face transactions (Internet / Phone transactions).
Ahhh, understandable then. You learn something new every day. Thanks for the insight on how the online checking industry works.
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