I was about to write a check to pay for a medical bill when I realized that I probably didn't owe the amount shown on the invoice. The bill was for a health screening that was performed in late May. I provided my health insurance card at the time of test. But I had a feeling that the lab that actually analyzed the screening samples hadn't bothered to submit its claim to my insurance company before sending me a bill. That's because the bill arrived shortly after the test was done, and I hadn't received a statement from my insurance company that a claim had been submitted.
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More than fifty years ago, forward-thinking high-tech employees at Fairchild Semiconductor knew there was a better way to bank.