Marc Jacobs must have had chess on his mind when he designed his Spring 2013 collections for Louis Vuitton and his eponymous labels, because checkered prints were front and center. The rest of fashion followed, and this Summer there are boxy prints finding their way onto shoes, bags, swimsuits, and more.
ING Direct is famous for being truly digital — not having brick-and-mortar stores and offering paperless accounts. However, it seems it has succumbed to its customers' needs and is offering the option for ING account holders to use paper checks. Although paper-check payments are slowly being phased out as banking becomes more digital, checks still make up less than 25 percent of non-cash payments (which still means billions of checks are being used), according to a Federal Reserve study.
Personally, I like this move as there are a number of payments I have recently made that still require a traditional paper check. For example, there are some small businesses and less tech-savvy institutions that still only take checks. ING Direct's previous check feature would only send a paper check after you requested one, and it definitely slowed down the process. Sometimes you need to issue a check on the spot, so it's definitely handy to have a checkbook around. This missing feature from ING Direct has caused customers to rely on other checking accounts in order to distribute checks, but with the new change, customers can slowly completely rely on ING Direct as their sole form of banking.
Consumers can now buy a book of 50 checks for $5 on its website, which has an extra security feature — once you receive your checkbook, you have to log into your ING Direct account to activate it, which is similar to when you receive a new debit card. Consumerism Commentary talks about another security measure ING is taking:
Checks are interesting. Technically, any piece of paper that includes your signature and an amount qualifies as a check. If the bank of first deposit can determine the bank that holds the account and that bank can determine the correct bank account of the individual who owns the check, the check can be processed. You can print checks at home or write them on a bar napkin. You might get the evil eye from a bank teller, but if there’s enough identifying information, the check can be processed. You don’t even need to know the bank’s routing number.
That won’t be the case with ING Direct‘s checks, because this bank will only process transactions that have the right extra digits in the check number, which I would guess is a check sum that verifies the check number with the account number, using some sort of algorithm like the three- or four-digit verification code now popular on credit cards.
And that's not all. There is more good news in store for ING users as PT Money reported that customers will soon be able to make digital deposits. You will soon be able to use your phone or scanner to deposit checks!
Despite my lack of usage, Consumer Reports says we shouldn't write the check off just yet. Word is the United States wouldn't be able to do away with checks any time before 2028.
How often do you whip out the checkbook?
Blame it on the retro costuming of Mad Men, but I'm seeing checkered patterns everywhere these days. Checks look great on copywriter Peggy Olson, and I have a feeling they'd look fab in your home as well.
Want to add some retro flair to your home with traditional checked patterns? I've found both subtle and not-so-subtle checkered patterns for your home-decorating pleasure. See them when you read more
n. (Also referred to as checks). A square design, usually woven into fabric, but may be printed. Design squares of alternating colors, usually one square is white. The pattern made a frequent appearance on fabrics designed in the 1930s through to the 1970s. Houndstooth is commonly used for suiting, especially jackets/blazers.
Get this Delia's Sienna Jacket, on sale for $20.