I've blasted this to all my business contacts. Wow!
Twitter Creator’s Credit Card Scanner Comes to iPad
This comes right on the heels of Silicon Valley's report that soon you will be able to snap a photos of a check with your cell phone and deposit it by transmitting an encrypted copy to your bank.
Regulators were surprised when the Sept. 11, 2001, terrorist attacks caused delays in financial transactions. With air traffic grounded for several days, the bundles of checks that banks and other businesses needed to move around couldn't get cleared.
So in 2003, Congress passed a law commonly known as Check 21. It allows anyone who receives a check to make a digital image of it rather than having to deliver it physically. The law has led many companies to install scanning machines that digitize thousands of checks at a time for deposit.
Deposit money by taking a photo
eCommerce, the times are a-changin'