Cheney Free Press -

Federal regulations change for check endorsements

 


Spokane Teachers Credit Union wants consumers to be aware of a regulatory change that went into effect on July 1, adding a step to the process of depositing a check from cellphones while helping prevent fraud.

In a June 26 news release, STCU officials said that with the advent of convenient and efficient banking mobile apps and other “remote deposit capture” technology, the nation’s check collection system is quickly converting from all-paper to electronic. Remote deposit capture allows consumers and businesses to quickly deposit checks from anywhere at any time, by taking a picture...



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