Miracles do happen and sometimes dreams come true, even the magic check verification tool.
A customer writes a check for $30,000 that a merchant prepares for deposit. After entering data into a check processing system, LED lights flash and the paper check is slowly pulled into a desktop imager. Only the trailing edge of the check is now visible beneath an interior green glow. After a few seconds of anticipated “techno-humming,” the check is slowly ejected.
Meanwhile, the system displays details of the transaction, including the opportunity for the merchant to select “Submit for Approval.” The merchant returns the check to the customer who leaves with a smile on his/her face and their newly acquired purchase.Read More