The Future of Banking? Deposit Checks via iPhone
One of lifeÃ¢â‚¬â„¢s more tedious chores could soon become much more automated. USAA, a Texas-based bank, plans to release an update of its iPhone application this week that lets customers make deposits using the deviceÃ¢â‚¬â„¢s camera.
The app will work by letting customers take a photo of both sides of the check and then submitting it to USAA. According to The New York Times Ã¢â‚¬Å“customers will not have to mail the check to the bank later; the deposit will be handled entirely electronically, and the bank suggests voiding the check and filing or discarding it.Ã¢â‚¬Â USAA also allows customers to make deposits using a scanner.
Read more: mashable.com