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In a nutshell, the law frees banks from having to handle paper and instead allows them to process electronic images of your original checks
This is nothing really new... back when I worked for EDS we processed all those checks the same way. Only difference was that they got copied on to micro-film instead of on hard drives.
The big difference is the speed though. It took forever to process everything into the micro film but doing digital images should speed everything up.
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