New Check Law

I have been hearing about this new law that allows banks to transmit check
electronically instead of having to actually deliver the checks.
http://story.news.yahoo.com/news?tmp...bou ncefaster
Is this going to destroy the check-delivering business that some pilots are
employed by? Looks like to me it will. Just curious about your thoughts.

Old news. Yes, some that used to do that had to adapt. Others just went
out of business.
--
Jim in NC


"Greg Butler" wrote in message
...
I have been hearing about this new law that allows banks to transmit check
electronically instead of having to actually deliver the checks.

http://story.news.yahoo.com/news?tmp...bou ncefaster
Is this going to destroy the check-delivering business that some pilots
are
employed by? Looks like to me it will. Just curious about your thoughts.




---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004

Old news. Yes, some that used to do that had to adapt. Others just went
out of business.
--
Jim in NC


"Greg Butler" wrote in message
...
I have been hearing about this new law that allows banks to transmit check
electronically instead of having to actually deliver the checks.

http://story.news.yahoo.com/news?tmp...bou ncefaster
Is this going to destroy the check-delivering business that some pilots
are
employed by? Looks like to me it will. Just curious about your thoughts.




---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004

Its interesting that they would go out of business before the law takes
effect on Oct 28th, you would think that they would stay in business for as
long as possible. Oh well

"Morgans" wrote in message
...

Old news. Yes, some that used to do that had to adapt. Others just went
out of business.
--
Jim in NC


"Greg Butler" wrote in message
...
I have been hearing about this new law that allows banks to transmit
check
electronically instead of having to actually deliver the checks.


http://story.news.yahoo.com/news?tmp...bou ncefaster
Is this going to destroy the check-delivering business that some pilots
are
employed by? Looks like to me it will. Just curious about your thoughts.




---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004

Its interesting that they would go out of business before the law takes
effect on Oct 28th, you would think that they would stay in business for as
long as possible. Oh well

"Morgans" wrote in message
...

Old news. Yes, some that used to do that had to adapt. Others just went
out of business.
--
Jim in NC


"Greg Butler" wrote in message
...
I have been hearing about this new law that allows banks to transmit
check
electronically instead of having to actually deliver the checks.


http://story.news.yahoo.com/news?tmp...bou ncefaster
Is this going to destroy the check-delivering business that some pilots
are
employed by? Looks like to me it will. Just curious about your thoughts.




---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004

I've heard that it will impact it.
However, much like having a job in textiles or
other commodity manufactured goods, times change
and people lost their jobs to overseas.

This new one is due to technology.
There are very talented software people losing there
jobs to South Asia.

I hate to see folks lose their jobs!
But people do have to read the tea leaves and
prepare for the future.
My coal-mining/textile manufacturing parents prepared me by insuring I went
to school.
Sometimes the window seems like only months or a few years!

I've heard that it will impact it.
However, much like having a job in textiles or
other commodity manufactured goods, times change
and people lost their jobs to overseas.

This new one is due to technology.
There are very talented software people losing there
jobs to South Asia.

I hate to see folks lose their jobs!
But people do have to read the tea leaves and
prepare for the future.
My coal-mining/textile manufacturing parents prepared me by insuring I went
to school.
Sometimes the window seems like only months or a few years!

"Greg Butler" wrote in message
...
Its interesting that they would go out of business before the law takes
effect on Oct 28th, you would think that they would stay in business for
as
long as possible. Oh well

I don't know how the law was written, but my bank has not been returning
checks for about a year.
--
Jim in NC


---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004

"Greg Butler" wrote in message
...
Its interesting that they would go out of business before the law takes
effect on Oct 28th, you would think that they would stay in business for
as
long as possible. Oh well

I don't know how the law was written, but my bank has not been returning
checks for about a year.
--
Jim in NC


---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004

Many banks send a copy of the cancelled check to you instead of the
original, and keep the originals in the vault, but for a couple more weeks
they still have to legally send the originals between banks.


"Morgans" wrote in message
...

"Greg Butler" wrote in message
...
Its interesting that they would go out of business before the law takes
effect on Oct 28th, you would think that they would stay in business for
as
long as possible. Oh well

I don't know how the law was written, but my bank has not been returning
checks for about a year.
--
Jim in NC


---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.774 / Virus Database: 521 - Release Date: 10/7/2004