USAA's Deposit@Mobile app puts check deposits a mug shot away

Source: http://www.engadget.com/2009/08/10/usaas-deposit-mobile-app-puts-check-deposits-a-mug-shot-away/

The problem with banks, you see, is that they're one of the few remaining weak links in our ultimate goal of eliminating all human interaction. If you've got a check you need to deposit in your account, you've got to trek all the way out to your local branch; sure, granted, you can slip the check in an ATM, but your odds of encountering another living creature in the process of doing that are nonzero. Fortunately, USAA -- which counts military personnel as a significant percentage of its customer base -- is helping to close that loop with its "Deposit@Mobile" service, a component of its just-launched mobile banking app in the iPhone's App Store. The secret, you see, lies in the iPhones magical camera which can "take" a "picture" of the check, transmit it to USAA, and boom -- your cash is instantly deposited. No muss, no fuss, and no pesky people to get between you and your hard-earned cash. Of course, that doesn't change the fact that you've got to get the check from someone in the first place... but, you know, one thing at a time.

[Via The New York Times]

Filed under: Cellphones, Handhelds

USAA's Deposit@Mobile app puts check deposits a mug shot away originally appeared on Engadget on Mon, 10 Aug 2009 21:17:00 EST. Please see our terms for use of feeds.

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