Great News......Deposit App......Implicity | Implicity Financial | Discussion forum

Loonie said

I'm not complaining, but does anyone else think it's odd that so much effort is going into mobile cheque deposit technology when we are simultaneously being told that cheques are going the way of the dodo bird and will be obsolete in a few years?

Good point. The only time we use cheques is to transfer money from one financial institution to another. I don't see an all around alternative for that....is there one? We also use cheques, rarely, for exchange of money between friends and family.

Back in the years of cheques clearing through a central agency mainly for the big 5 and credit union cheques were not welcome...there must have been a cost for the banks. Not sure if this is still in place and perhaps taking a picture of the cheque by the receiving bank is the new way to clear?

So now the client is taking the pic for the bank and the bank does not incur the ATM fees??

So what goes first.....currency or cheques?

We watched a program the other day.....one of the Scandinavian countries does everything with smartphones and is all billed by the telephone company including paying bus fare and buying pop from a vending machine.

Loonie said

Smartphones are a lot more expensive than bank fees.
We need to always ensure that there are systems available to people who either can't afford smartphones or who have disabilities such that they are unable to use them. I find that many of the decisions about how things are to be done are made by people who fit neither of these categories. For example, orange print on a white background does not work for me at all!

While I am pro technology, as long as it is safe and not sloppy I too agree with what you are saying. So much of our banking, billing, shopping etc. are all based on us having internet and a PC or such. This has shifted a lot of the expense to the consumer while making big business that much more profitable. My wife is not techy at all. Yesterday she plugged her iPhone into the car charger and she brought it back to me with the charger and cord hanging from the phone. I rolled my eyes and squeezed both sides of the charger cable and removed it from the phone. So I take care of her as she does me......a partner ship. I update her PC, iPhone and iPad to keep it in shape and show her some of the new options.

So what happens as the arthritis in my hands get so bad and painful that I can't type.....hopefully not? What happens if for some reason we don't have internet any more? So many what-ifs as we age in this new digital era. What will a PC be like in 20 years....a box we talk into?