TELECOM Digest OnLine - Sorted: Re: New Electronic Check Law Sinks 'Float'

Re: New Electronic Check Law Sinks 'Float'

Rick Merrill (RickMerrill@comTHROW.net)
Tue, 02 Nov 2004 17:50:29 GMT

DevilsPGD wrote:

> Isaiah Beard wrote:

>>>> IF these images were accessed it would give criminals access to an
>>>> image of the customer's signature. Said criminal could then use a
>>>> laser printer with 640 dpi resolution to print checks that would be
>>>> indistinguishable from the photo check after a 240 dpi Scan!?

>>> I'm curious, is there a requirement that the bank which accepted the
>>> cheque store it for any period of time?

>> Quite the reverse actually. If they send the check along
>> electronically, then the original is destroyed.

> Interesting -- So if I say I wrote a different dollar value on the
> cheque, and the electronic copy isn't sufficient to provide proof one
> way or the other, does the transfer of funds get reversed?

Hopefully you have your record (or write once) copy. The thing is,
would you notice if the check was changed from 10 to 100$? Many people
do not check that closely. - RM

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