INFOWORLD GRIPE LINE BY ED FOSTER Bookmark this page

  
Replying To:
Tangential, but related (none / 0) (#15)
by Anonymous User on Fri Mar 21, 2008 at 11:38:22 AM PDT

One of the other "new innovations" in the banking/billing industry seems to be processing everything as electronic transactions. I have kept my current bank for a reason -- they return my canceled checks to me. That way, if there is a problem in the future (and it's happened several times), I can provide a copy of my canceled check to prove payment. Lately, however, more and more businesses are processing checks as electronic fund transfers and shredding the check.

If I wanted to do electronic transactions, I'd do them. This just seems to open up another opportunity for abuse in the future.



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