Future of Check Deposits

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Internet Banking is doing wonders. People are gradually following the trend of NetBanking even. Despite, there are many countries and a large number of customers who still rely on check transactions. Imagine a situation when you have to deposit a check and you get stuck in some conference, college, office or with other commitment. Now deposit the check just by single click.

USAA, a Texas based company has developed an iPhone applications using which you can now deposit the check at anytime at anywhere. Just by a single click from your mobile camera. Currently developed only for iPhone, this technology allows you to take a front & back picture of a check and send it to USAA online account and it’s done. You can see money in your account without moving around. Later, just destroy the hard copy of that check.

USAA claims to have this technology secure, reliable and most importantly faster. Seeing the success of this, many other banks either contacting USAA or planning to develop similar technology for their own bank. Here is a video which will give you a sneak idea on Future of Check Deposits :

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Credentials : Bnet

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