10 Aug Need to Deposit a Check? Try Your iPhone.
Private bank and insurance company USAA plans to allow their customers to their iPhones to deposit checks. Using the camera on their iPhones, the person simply takes an picture of both sides, then emails it to the bank.
The user then destroys or voids the check since no hard copy is required at the bank. The sent electronic file is verification. Members who have proof of insurance through the bank are eligible to use the service, and it’s estimated more than half of the members qualify.
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