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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (1783)	9/16/2000 3:11:38 PM
From: lurqer	Read Replies (1) \| Respond to of 65232

I wrote a check yesterday for a new pair running shoes and handed it to the clerk. The clerk then took the check and ran it through a scanner, which then printed out a receipt similar to a credit card receipt. The clerk asked me to sign this receipt, which I did...he then handed me back my check. Transaction completed. He no longer must deposit checks, the bank no longer needs to handle that check. That is an interesting piece of technology. Thanks for sharing. Guess I need to stop watching CNBC and "get out" a little more. Thanks again. lurqer

To: Mannie who wrote (1783)	9/16/2000 7:17:46 PM
From: Clappy	Read Replies (1) \| Respond to of 65232

Scott, A company with the symbol HYC has been pushing this technology for some time now. The check gets scanned and is now put into the store/corporation's data base. One major problem with retailers is handling checks. Up until now, they have to be handled by human hands. If a check bounces it gets handled by much more than one set of human hands. This new process automates the the system where this piece of paper is digitized and easily searchable between merchants and banks. It's just another means of streamlining the entire process. I had done some DD on HYC a while back. They must have a great PR firm. They put out a lot of news. However, they have nearly no volume which was a major turn-off to me. I'm sure there are others with this technology. HYC is just one that I know of. -Clappy

To: Mannie who wrote (1783)	9/17/2000 6:57:52 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

Scott! I had a similar thing happen to me when I went to get my car license tag. So the goverment is into this system also. I did not realize what had happened until I got in the car with my check in my hand. Strange! Is there a stock here somewhere?? :-) dealie (thinking of Peter Lynch)

To: Mannie who wrote (1783)	9/17/2000 9:37:07 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

makes sense on digital checks, Scott all they need is destination, amount, bank routing number, and your signature I am curious what happens next with a bounced "check" ... or a "stop payment" ... or even a desire not to resupply with any new checks at all, but rather to carry around your "last blank check" I have many times made payment over the phone by reciting my bank routing#, but they required a check number... they DID NOT require a signature over the phone... that is where I saw a red flag of danger... I hear that regular payments off your check account is difficult to cancel... for instance I pay for the Sunday Boston Globe via automatic deductions off my checking account... only clear way to discontinue is to close the account... plenty of horror stories have been related to me in failed discontinuation efforts but most scarey of all is automatic Mastercard payments... except MC enforcer dogs have always been effective in helping me the new world is taking shape, Scott gee, when was the last time we heard of CyberCash, Inc ??? / Jim