Deposit Your Check via iPhone at USAA Bank
USAA Bank, a privately held bank and insurance company in the US, plans to update its iPhone application to introduce the check deposit feature. The customers need to photograph both sides of the check with the phone’s camera. The image is going into the Bank’s deposit-taking system as any other paper check would. To reduce the potential for fraud, only customers who are eligible for credit and have some type of insurance through USAA will be permitted to use the deposit feature. Read full story »
