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by ensignavenger 4141 days ago
I switched to Simple last year for my personal account, and I have wanted a similar alternative for my business accounts for a long time. Currently there is no way to apply for membership on your site- when do you expect to start taking applications?

I will take a peek at your API in the morning :)
1 comments
btmerr 4141 days ago
If you fill out the form we'll send you an invite when we're able to accept new customers. There's a waiting list but we're working hard to get everyone on board as soon as possible.
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ensignavenger 4141 days ago
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?

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btmerr 4140 days ago
We're working to update our docs as quickly as possible, so transaction stuff will be there soon. As for checks, we're not planning on supporting check deposit via API initially. There are a few reasons:

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.

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ensignavenger 4140 days ago
Cool, I agree that checks are terrible, but I still get more customers paying by check than any other method :)

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?

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btmerr 4139 days ago
They own or co-own the patent(s). Last I checked they were still battling it out in court.

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. :(

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