Apple store

According to TechCrunch Apple has launched a new app update for iOS allowing PayPal users check their deposits via their iPhones. The only thing users should do is to take picture of the check (front and back) by iPhone camera and deposit check in their PayPal accounts.

Actually this technology is not a sensation. This feature is widely used by Chase, Bank of America, CitiBank. The only exiting thing is that it is offered not by a traditional institution, but by PayPal through iPhone app. Earlier USAA also used iPhone app for the same service.