How remote is remote? Are we talking over the internet/sms or are we talking if you control a cell tower?
When you sign HoA or CCR paperwork you are legally granting them the right to invade your privacy in upholding the contract.
Same thing is true if you signup for one of those Car insurance plans that monitor your driving habit by plugging their device into your ODB-II connector. It wirelessly reports your speed, location, etc directly to the company.
This is where you take some time, do some traveling, see the world and not be stuck behind a desk.
Enjoy the much needed vacation. Wherever you end up I'm sure we'll hear from you again.
Continuously to QNAP-659 via a rsync script for linux and XOSoft on windows.
As close to real-time processing as possible.
Also, if you don't trust the person your accepting the check from, don't accept it.
And there is still a paper check, just that you the consumer now has it instead of it sitting in a branch, being shipped to a check processing facility and likely it has just two fingerprints on it now instead of the hundreds between the time it left your hand at a branch and final processing.
Hmmm lets see.
1) Nice of you to deposit a fraudulent check to your account. Mr FBI Agent will now place a lock on your account and seize all funds pending a several month if not year+ long investigation. You have to have an account that allows this type of deposit. That $1000 you just attempted to steal has now tied up all your funds. Additionally, most banks aren't allowing someone to use remote deposit technologies till they have been a member for at least a few months.
2) Is Mr Victor Timothy named the same as yourself?
3) How is it you have access to said check?
Remember, checks are not legal tender. They are a promise that X's financial institution will transfer available funds to Y's financial institution based on a whole fleet of criteria (avaiable funds, account in good standing, etc). The FDIC keeps records of check transactions so you can't simply deposit it via this system and try and deposit the paper copy at another bank/account.
Simple, funds really aren't in your account till money is transferred from the check writers account. If you, the consumer, is accepting a check it's your legal obligation to trust the person writing it.
Checks are a form of "I trust that you have the money in your account and it will be transferred from your financial institution to mine in a timely manner." If you don't trust the person writing you a check, don't accept it and only accept cash.
We are in the process of rolling out this same sort of program at our company as well (as I've been building about a dozen servers to support it). We've had the ability to deposit by mail for ages and this is the next logical step.
With most of our userbase being military and deployed to locations where they cannot access any branch services at all. Our userbase has become tech savvy enough to support a system like this. The largest impediment to implementing a system like this has been having the tech easy enough to use a "non-geek" can perform the tasks necessary without needing a large amount of training.
To those saying "What if I want to deposit counterfit checks". Well several systems are in place to prevent or at least mitigate that damage. You are only allowed to deposit up to a certain amount via the system (and have funds immediately accessible), the checks are processed real-time and won't be accepted without several validity checks passing and the account money is being collected from also happens as close to real-time as possible. Remember, just cause you deposit a check doesn't mean it can't bounce, that money is not truely in your account until funds are transferred from the check writers account. If you have those funds available for use immediately, it's because your financial institution trusts you to now deposit bad checks.
The the comment above about "great, just what I want, images of checks on my phone". The application itself handles taking the photo and no local copy is retained on the phone after the process is completed. (The image of the check is still available on the company's servers for review just like if you mailed in checks or deposited them via our branches.)
The Annals of Improbable Research, a published journal, has been doing this since 1995. http://improbable.com/
- Current Subscriber
-- Has been since 1995
---Has every issue published since the start
---- Homemade zygotes. Just like Mom’s. BOX 48.
Back in the misty reaches of antiquity (at least in net terms) of 1993, there was a collaboration between Virginia Tech, City of Blacksburg and Verizon. What resulted was something called "Blacksburg Electronic Villiage".
They wired the entire town with fiber, and residents could get a 100mbps Ethernet connection to a Internet connected municipal network.
Made frontpage news on Wired and other computer related publications of the time (remember this was at the dawn of the internet and
However, project mismanagement and cost overruns by Verizon caused the project to fold in early 2001. A local ISP has taken over portions of the network once maintained by the project and continues to provide 100mbps ethernet services to some of the community.
Nah, load NextStep 3.2 onto it. (Yes it can be done.)