Payment of Check through Photo or Mobile Phone

Payment of Check through Photo or Mobile Phone

I here by the inform of new technology of fund transfer. A bank in the UK has recently announced the project, under which the smart phone users could easily get paid from the funds in their account just a taking a photoghah of the cheque. In this technology use a new technlogy mobile. At this method or technlogy more effected on human brain or life. I think this technology is more dangrous for mankind.Instead go the banks customers can just taking the picture of the check would get it sumit through moile technology electronically. The Uk government just prove this project and lanch it for the public interest and use of new technlogy.

More Details as under for this project: 

This way, checks instead of the current six days will be collected in just two days. Banks says that it would be easy and safe way money flow

Antony Jenkins, head of Barclays Bank says that working in a virtual world, users will have the opportunity to experience the best of today, experience a lot better on paper.

Similar to today’s technology was issued nine years ago in the United States before the World Trade Center was attacked. UK Government believes this legislation to change the use of the continuity checks will also be maintained.

All checks received from the British Council initially was planning to stop payments from 2018, But after the reaction from the public it was changed.

Financial Secretary to the UK Treasury Department Sajid Javed said, ‘We no longer want to upgrade so that users benefit from the new technology.’

People connected with this sector bank said that young consumers do not check out. Banks says the young consumers who use less checks are still accepted by mail or in the branch and submit own.

Barclays Bank from April 2014 plans to start a project to check this new method of payment.

It is feared that the newly technology jobs Barclays Bank last month announced plans to eliminate 1,700 more jobs at its branches, which mobile technology was the main reason.

From the Year 2012 to 2013 Barclays Bank has closed 37 branches, and more branches to be closed is being hinted. Antony Jenkins said, ‘I think that just because of this technology people probably don’t go to their bank branches.’

The eight branches of Barclays bank plans to move to the supermarket. However, a spokesman for the bank says customers can also visit their branches if they want to be able to pay.

Tags: Barclay Bank · Feature