It turns out ad block was blocking the form :)
I don't see an API method for depositing checks- is that something you plan to offer?
Also, no method for getting transaction history?
I don't see an API method for depositing checks- is that something you plan to offer?
Also, no method for getting transaction history?
1. Remote Check Deposit is a protected technology owned by Mitek and/or USAA, and we're limited in how we can use it.
2. Checks are a huge fraud vector, so we're going to be careful about how we support them.
3. Checks are literally the worst payment mechanism ever invented and we would love to see them die in a fire. So we're going to discourage their use as much as possible while providing better, easier to use payment mechanisms.
That having been said, you will be able to deposit checks into SEED, just not via API for now.
Regarding item 1: Just curious- Do you mean Mitek and/or USAA have a patent on the process? Or do they own the only technology approved for some back-end process by the Federal Reserve?
The relevant legislation that enabled Remote Deposit Capture (RDC) is the Check21 act, which you can learn about here: http://www.federalreserve.gov/paymentsystems/regcc-faq-check...
In theory, anyone can build a system to deposit checks via check images, but software/process patents are a (mostly bad) thing. :(