PayPal iPhone App Now Allows For Photo Check Deposits

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USAA and Chase already got involved in cashing checks via mobile scanning, but when PayPal gets involved, that's huge for the industry. PayPal's iPhone app has recently been updated, and the new version allows users to scan their checks in order to have the funds deposited immediately in their PayPal account. The catch, of course, is that the money is deposited in the PayPal account and not directly into your checking account. You'll still need to login and request a withdrawal in order to actually have the

10 Oct, 2010


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Source: http://hothardware.com/News/PayPal-iPhone-App-Now-Allows-For-Photo-Check-Deposits
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