be a good organizational tool for people like me, who just stuff them in the glove box and forget.
only problem is, most people are in a hurry to deposit a check, but nobody's in a hurry to pay a ticket ;)
These items are not likely to go paperless any time soon, and would benefit from snapshot digitizing. You could just take a snap of the parking ticket on your windshield, and mobile pay. Process server would digitize his affidavit and electronically forward it to the clerk of court. Now that is greenfield innovation!
Keep in mind, that technologically advanced societies (the NICs of Asia) have completely done away with paper checks... no need to snap them now, nor will there ever be. That trend is on the horizon for America as well. MiSnap technology has other potential applications, of course, but much harder to monetize successfully. MITK has to move quickly towards profitability, and cash in, while the market exists.
Sad to inform, but Yahoo has just advised that my ID shall be terminated by EOD as a result of excessive red thumbing. It's been a pleasure working with you these past weeks ~ a fond adieu! And always remember: long is looser.
NCR is officially managing md for canadian banks (CIBC, TD, RBC, Scotiabank, BMO) although they are partnered up with Mitek "MiSnap" technology ~ same setup as in the USA: NCR APTRA Passport ~ MiSnap enhanced.
Wow ~ i can't open my trap on this board without getting the old red thumb (nobody likes me, although that was probably a Canadian). Anyhow, i thought some of the muppets here - investing in a funds transfer device - might just want to know what other financial instruments exist around the world. Apologies if that offends your delicate national sensibilities.
He didn't know what it was, and i had to explain it to him. You know, first you write in the date & amount... "Payable To"... In the end, after a long time, he understood, but had just one question: "Why?"
I tried to tell him it was perhaps a form of trade credit, since the payer has an option of post-dating the check (everywhere except Florida), but he still thought it was a bit strange ~ most Asians have never seen a check; they mostly use electronic transfer, though cash or bank drafts are also common.
In Canada, all funds transfer is managed by a company called "Interac" ~ Canadians love their monopolies. So, when you want to do a e-transfer, you actually move the money into an Interac holding account... Interac then sends an email to your recipient, with a link allowing him to deposit the funds. Canadians still use a lot of paper as well. Pulp & paper is after all, a cornerstone of the economy.
Lots of Canadians still use paper checks ~ now they can digitize them :) ~ Will RBC be using Mitek SW for mobile deposit?