This is unbelievable. I had to hit the rewind thing on my TV to do a double take. Check this out.
I saw a commercial last night where folks can use their cell phone to take a photo of a check and deposit it into their bank account.
Next, using your cell phone again, you can take a photo of a check you just wrote or printed to pay a bill and click something on your phone and pay the bill… wow! Let me repeat, use your cell phone, take a photo of your check, and your cell phone allows you to pay your bill with a photo of your check.
I do not understand the details; however, this is a huge wake up call about where and how technology will be become a very big part of making your business more automated and efficient.
I am very much behind the times, especially when it comes to "online banking." Having been told for years you can use online banking to pay bills, write checks, etc. and your bank will do it for free including printing the check, envelope and postage. This seemed too good to be true until I began receiving payments in the mail from folks using this very same method.
Postage ain’t cheap. This got my attention, and we are gradually working toward utilizing these free resources for our business.
If it seems a little far fetched at the moment, as far as the cell phone camera taking pictures of checks…. just think back a bit, 8 track tapes, fax machines, email, internet, cell phones, blue tooth,.. you get the point… keep your eyes and ears open and always have a sponge-like attitude toward education. Absorb it all.