Exact(60)
No mailing or paper checks necessary.
He compared debit cards to paper checks.
What bills do you still pay using paper checks?
"Our customers don't want paper checks," he said.
Even as payments become increasingly electronic, the need for paper checks persists.
This was almost impossible in the days of paper checks, envelopes and stamps.
Many institutions also provide a mobile phone app to remotely deposit paper checks.
"Our hope is that paper checks go the way of the abacus," he said.
This fourth type of electronic funds transfer reduces costs by eliminating paper checks.
In the meantime, he said, the plan is for schools to receive paper checks periodically.
So for the foreseeable future, using your points will require keeping track of paper checks.
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