Feeds

US bank deposits checks via iPhone camera

Point, shoot, deposit

Security for virtualized datacentres

A US bank will this week launch a new service that allows you to deposit checks by taking photos of them with your iPhone.

The privately held financial services and insurance company USAA (United Services Automobile Association) serves only current and former members of the US Armed Services and their families, but even with that limitation, it currently has 7.2 million members.

USAA has only one physical branch - in San Antonio, Texas - but with US service members deployed all over the world, the company has focused on online services. A few years back it introduced its USAA Deposit@Home service, which allows deposits to be made using a computer and scanner. The new USAA Deposit@Mobile service will extend that convenience to iPhone users.

This point, shoot, and deposit capability will be an upgrade to the company's USAA Mobile app (App Store link) for the iPhone and iPod touch. Of course, until the iPod touch is upgraded to include a camera - a feature rumored to be coming later this year - only iPhone owners will be able to deposit checks this way.

The process is a simple one: You log on to your account through the app over either Wi-Fi or cell service, enter the amount of the check, photograph the front and back of the check - the back is needed for an image of the endorsement signature - and tap a Submit button to complete the deposit.

You don't need to send the check to USAA by mail - the entire transaction is handled electronically. USAA suggests that you void, file, or destroy the check after the deposit is confirmed.

Such a simple deposit procedure is both a convenience to the customer and a money saver for USAA. And possibilities for abuse of the system will be limited by service-qualification requirements. According to the USAA, credit qualifications are required, along with proof of eligibility for USAA's property and casualty insurance. A USAA executive vice president told the NYT that about 60 per cent of the bank's customers will qualify. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Net neutrality protestors slam the brakes on their OWN websites
Sites link up to protest slow lanes by bogging down pages
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
Who us, SHARE infrastructure? Networks reject gov proposal
Execs pour scorn on 'national roaming' outline – report
Net neutrality fans' joy as '2.3 million email' flood hits US Congress
FCC invites opinions in CSV format, after Slowdown day 'success'
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.