PayPal lets people deposit checks using iPhones

Oct 08, 2010
Apple CEO Steve Jobs demonstrates the new iPhone 4 as he delivers the opening keynote address at the 2010 Apple World Wide Developers conference June 2010 in San Francisco, California. A PayPal application that lets people deposit checks by scanning them with cameras built into iPhones was considered a budding success on Friday.

A PayPal application that lets people deposit checks by scanning them with cameras built into iPhones was considered a budding success on Friday.

More than 100,000 dollars worth of checks were handled by a Mobile Check Capture feature in the 36 hours after it was added Wednesday to a PayPal application for Apple's popular smartphones.

"There must have been a lot of people with checks waiting for the new PayPal mobile check capture to come out," PayPal Mobile senior director Laura Chambers quipped in a blog post.

"We knew that this would be popular but we had no idea just how much pent up demand there was for a quick, easy way to deal with checks."

The service, powered by BankServ, enables people to deposit money into PayPal accounts by using iPhone cameras to take pictures of checks made out to them.

Mobile Check Capture is one of the new features added to the recently released iPhone 2.7 application available online at PayPal.com/mobile or at the iTunes website run by Apple.

PayPal is a major Internet financial transactions service owned by online auction powerhouse eBay.

Explore further: A new app facilitates number and arithmetic learning in children with special educational needs

add to favorites email to friend print save as pdf

Related Stories

EBay CEO envisions PayPal in more offline settings

May 12, 2010

(AP) -- The waiter asks: "Will you be paying by cash, credit or PayPal?" The man in charge of PayPal's parent company says you shouldn't be surprised to hear that question within a year.

A growing PayPal could soon overshadow parent eBay

Nov 04, 2009

(AP) -- Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will likely be PayPal, the online payments ...

Recommended for you

BPG image format judged awesome versus JPEG

Dec 17, 2014

If these three letters could talk, BPG, they would say something like "Farewell, JPEG." Better Portable Graphics (BPG) is a new image format based on HEVC and supported by browsers with a small Javascript ...

Atari's 'E.T.' game joins Smithsonian collection

Dec 15, 2014

One of the "E.T." Atari game cartridges unearthed this year from a heap of garbage buried deep in the New Mexico desert has been added to the video game history collection at the Smithsonian.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Wasabi
not rated yet Oct 09, 2010
Haven't used paper checks in many years myself but I never-the-less find the concept pretty useful.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.