associate jpeg image of reciept with a transaction?

[Mark H. Wood]

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On Wed, 8 Dec 2004, Dale Alspach wrote:
> I think you should look at that page again. It states clearly that a
> substitute check must contain an image of the front and back of the check.
> So images of the checks will exist and I strongly suspect that banks will
> continue to make them available to account holders.

Yes, my understanding has been that the change is simply this:  your check
will be imaged and destroyed by the first bank that handles it, rather
than the last, and the clearing process will now transmit images rather
than paper documents.  The accepting bank doesn't have your signature card
to verify the signature in case of suspicion; your bank does, but they
would need the suspected signature.  I can just imagine a banker
testifying that his bank has been honoring checks with no way to verify
their authenticity, can't you? :-)

- -- 
Mark H. Wood, radical centrist     OpenPGP ID 876A8B75     mhwood at ameritech.net
No amount of clipart will save dull writing or an uninteresting topic.
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