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At 10:27 AM 7/9/99 -0400, you wrote:
Re: VC - hold the phone
From: Britt Clark
Date: Friday, July 9, 1999
Time: 9:58:22 am
>-----Original Message-----
>From: Robb Kinnin <robb@netstep.net>
>>While I have little knowledge of the new Virtual Check feature within
>>Optigold I foresee a potential problem.
>>
>>I just got off the phone with my bank and spoke with another client of
>>mine who does something similar and found out that the "MICR" [the
>>transit, account, and check numbers] which appear at the bottom of every
>>check needs to be printed with a special [magnetic] ink/toner and of
>>course needs to be in "MICR" font.
>
>
> Not necessarily. Most banks have gone to optical scanning so the
>magnetic toner is not required. You can ask your bank or just try depositing
>a single check to see what happens. Even if they *do* require special toner,
>the check wouldn't be considered fraudulent. You can buy check-printing
>software from almost any computer or office supply store so it is certainly
>common. At worst, they may just refuse to take the check.
>
I would like to add something to Rob's last response.
We currently deal with a bank that performs optical verification, but they
have somehow found a way to piss me off and I am considering going to a
different bank.
The first thing that I mentioned was V Checks. They can not do optical
scans, but they have seen fit to work this out in a different way.
They intend to run the checks that we will be printing through the old
fashioned way, if they dont scan (which still happens with regular checks
sometimes), they will forward them on to another department to have them
entered manually.
You might consider asking your bank if they can do this for you also. They
might not like it, but they are "supposed to be" there to serve the customer.
Considering the flow of money from an ISP that has built the customer base,
most banks would love to get your business.
Britt Clark
World Presence Internet Services
P.O. Box 1883
Huntsville, AL. 35807
(256) 852-2421
britt@huntsvilleal.com
Dial Up & Dedicated Connections for Home & Business
Web Design, Networking, & Domain Hosting
Internet Services http://www.huntsvilleal.com/
Web Design http://www.huntsvilleal.com/presence
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