Whether a general counsel’s company and its bank are large or small, technology can help manage their financial relationships. Both businesses want convenient, flexible services delivered as securely as possible. Services previously offered primarily to sophisticated business customers are commonplace for all businesses, at least in part due to the increased use of online banking services. Here’s a review of certain financial products along with a brief discussion of the emerging legal issues.
Remote deposit capture is a technique that allows bank customers to leverage technology to deposit checks in a convenient, efficient manner. Basically, the customer uses a scanner to capture the check image (front and back) and then transmits that image to its bank for electronic deposit.
