Hashemian Blog
Web Tools, Financial Markets, Technology
Thursday, November 10, 2005
Checkfree is now truly check-free
A couple of blog entries ago I had lamented about how I was invited to sign-up for Checkfree's electronic deposit, and I never heard back from them. Well, I finally did hear back. Last week I received an email asking me to fax them a voided check for verification.
Of course as things go these days, you can't trust an email at its face value. For all know it could have been from a Russian gang trying to access my bank account. What else could be more perfect for them than receiving a copy of my check via fax? So it took me some time to verify the fax number indeed belonged to the Checkfree organization. Once confirmed, I faxed in a copy and followed it up with an email to make sure they had received the fax.
I didn't receive a response to my email, but today I received a fax indicating that a Checkfree payment had been wired to my account. I surfed to my bank account and verified that the funds were indeed deposited. This is truly a time-saver. No more waiting for a check to arrive by mail, dealing with the hassles of lost or misdirected mail, standing in line to make a deposit, and waiting for the check to clear.
Of course Checkfree is only one of a number of organizations that handle online payments. This system only works if the payer makes an online payment and the payment is handled by Checkfree. I'm sure if I change bank accounts, or if my address changes, or if a payment is made via another payment system, it's back to the mailbox for me.
Still this is a step in the right direction. It has brought online banking another notch closer to a truly paper-free operation. What about the confirmation fax I received, you might ask? That is also paper-free, thanks to my fax service that forwards my faxes via email attachments.
checkfree,online payment,online banking,fax,paper free,electronic deposit
<Checkfree is now truly check-free>
// posted by rh
|
Links
Technorati Profile
TMCnet.com
ARCHIVES
09/01/2003 - 10/01/200303/01/2004 - 04/01/200404/01/2004 - 05/01/200405/01/2004 - 06/01/200406/01/2004 - 07/01/200407/01/2004 - 08/01/200408/01/2004 - 09/01/200409/01/2004 - 10/01/200410/01/2004 - 11/01/200411/01/2004 - 12/01/200412/01/2004 - 01/01/200501/01/2005 - 02/01/200502/01/2005 - 03/01/200503/01/2005 - 04/01/200504/01/2005 - 05/01/200505/01/2005 - 06/01/200506/01/2005 - 07/01/200507/01/2005 - 08/01/200508/01/2005 - 09/01/200509/01/2005 - 10/01/200510/01/2005 - 11/01/200511/01/2005 - 12/01/200512/01/2005 - 01/01/200601/01/2006 - 02/01/200602/01/2006 - 03/01/200603/01/2006 - 04/01/200604/01/2006 - 05/01/200605/01/2006 - 06/01/200606/01/2006 - 07/01/200607/01/2006 - 08/01/200608/01/2006 - 09/01/200609/01/2006 - 10/01/200610/01/2006 - 11/01/200611/01/2006 - 12/01/200612/01/2006 - 01/01/200701/01/2007 - 02/01/200702/01/2007 - 03/01/200703/01/2007 - 04/01/200704/01/2007 - 05/01/200705/01/2007 - 06/01/200706/01/2007 - 07/01/200707/01/2007 - 08/01/200708/01/2007 - 09/01/200709/01/2007 - 10/01/2007
|
