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Quote:The era of the virtual bank appears to have taken a major step toward reality with the unveiling of Remote Deposit Capture from CheckFree. The Atlanta-based company's new technology could ultimately mean consumers can avoid a trip to the bank to deposit checks by simply making such transactions online...

"Consumer capture will fundamentally change the way consumers interact with their financial institution, brokerage firm, utility or other payment processor when depositing checks," he noted. "This new solution allows banks, credit unions, other financial institutions and payments processors to offer expanded deposit windows due to the immediate receipt of an electronic image and all associated electronic data...