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FIRST NAT. BANK v. GA. R. BANK &c. CO.

31784.

238 Ga. 693 (1977)

235 S.E.2d 1

FIRST NATIONAL BANK & TRUST COMPANY OF AUGUSTA v. GEORGIA RAILROAD BANK & TRUST COMPANY et al.

Supreme Court of Georgia.

Decided April 5, 1977.

Rehearing Denied April 27, 1977.

Attorney(s) appearing for the Case

Hull, Towill, Norman, Barrett & Johnson, Patrick J. Rice, for appellant.

Hansell, Post, Brandon & Dorsey, McChesney H. Jeffries, Paul Burke O'Hearn, amicus curiae.

Nixon, Yow, Waller & Capers, Samuel C. Waller, for appellees.

PER CURIAM.

The parties in this case include two banks which use electronic equipment to "read" and process checks presented to them for collection and payment. The first bank to receive a check encodes the amount thereon with magnetic ink. The encoded figure is thereafter relied upon for all subsequent electronic processing. Georgia Railroad Bank and Trust Company accepted for collection a check drawn on First National Bank...

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