At 09:19 AM 7/20/94 UTC, j.hastings6@genie.geis.com wrote:
"Attention Businesses...Accept Personal and Business Checks Over The Telephone (or by fax) for Your Orders, Payments, Collections and Donations!"
If you want more details about this, drop me a note. I have no other connection with the company besides the fax from a sales guy, so far. Does anyone out there know something about this concept? Could this be useful for a digital cash bank interface?
Say that you're selling something and someone says "I'll mail you a check today." This lets you say: "Don't bother. Take out the check you were going to send me, read me the routing code and check number on the bottom. Give me your name and address and the bank's name and address as they appear on the check, the amount you will pay and the date. I'll collect that check electronically without you having to bother to send it." They reconstruct the check as an electronic payment order and submit it. Works. Even easier if they have a fax of the check. DCF Privacy 101 - States without mandatory auto insurance: Alabama, District of Columbia, Iowa, Mississippi, New Hampshire, Pennsylvania, Tennessee, Virginia, Wisconsin. (The last time I looked -- updates welcome.)