A team of British experts announced innovations as electronicchecks, lets take advantage of the method of payment by paper check, but shorten the transaction processing time and eliminates the cost of the check to the bank.
Tap the check high-tech appearance as well as traditional works like a check. But to write or sign up sheets of paper, one needs tohave a special electronic pen with the ability to recognize anyhandwriting being written onto the surface of the checks contain millions of tiny dots.
After that, the pen will transfer information about transactionsmade to the bank via wireless connection.
Do checks and electronic pen works only through the network by the central user registration, we are completely useless if it unfortunately falls into the wrong hands, according to expertsreassured.
According to the Daily Mail, the system is electronic checktransactions work of experts from the University of York, Newcastle and Northumbria (UK).