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Checks go high-tech at AAFES
DALLAS -- The check "float" at the base exchange is going the way of rotary phones and dot matrix printers as the Army & Air Force Exchange Service converts to a paper check conversion system this year.
"PCC scans and instantly converts paper checks into electronic debits to the check writer's account," said AAFES' chief financial officer Harold Lavender. "This technology has been operational in contingency locations for roughly ten years now and commercial industry for about five; it's an extremely efficient system."
Rollout of the PCC program will begin in U.S. AAFES locations March 7 and will be totally implemented in all facilities by June 6. Concurrent rollouts of Pacific and European exchanges will begin early April with complete implementation by June 6.