Quote:
Originally Posted by Alex
It is spreading quickly through the industry but it is about 5-6 years old now (I beta tested some of the first ones Wells had back then). But don't think it is primarily about customer ease. The big selling point is that it drastically cuts down on certain types of fraud.
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I would think it would also cut down on data entry errors (on the part of the user) which would help reduce costs for the bank.