...if they believe there's no competitive advantage to doing it themselves and they can save a boatload of $$$. It's already been done in the check image archive space with a company called Viewpointe. BoA and Chase started it and a bunch of others with the same problems got on board.
For those with too much time on their hands, history of Viewpointe below...
That type of feature is available to commercial banking customers but would be costly for banks to extend to the retail customer base. The good news is that as long as you're looking at your bank statement you're protected against unauthorized electronic transfers. Under Federal Reserve Regulation E you've got 30 days from the time you receive your monthly statement to claim the transfer was not authorized. Unless the bank suspects fraud on your part you'll get provisional credit back and it's up to the originator of the transaction to prove that it was valid.
You could also sign up for online banking at one of the banks that allows you to get alerts on electronic debits to your account.
Neither one of these stops the debits from coming through but you can catch them and get credit back if they're unauthorized.
Slashdot Mirror
...if they believe there's no competitive advantage to doing it themselves and they can save a boatload of $$$. It's already been done in the check image archive space with a company called Viewpointe. BoA and Chase started it and a bunch of others with the same problems got on board.
S tory.pdf
For those with too much time on their hands, history of Viewpointe below...
http://www.viewpointearchive.com/files/Viewpointe
--bank
01235813 million shares just didn't cut it...
*groan*
--bank
Oh it's true...you just can't make this stuff up... http://www.marketwatch.com/news/story.asp?guid=%7B 223E5F7F-8B7C-49C3-9C74-052DAEEADC86%7D&dist=rss&s iteid=mktw
You could also sign up for online banking at one of the banks that allows you to get alerts on electronic debits to your account.
Neither one of these stops the debits from coming through but you can catch them and get credit back if they're unauthorized.