iPhone app

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.

eBay is introducing a new web site that showcases street style of eBay shoppers, called LookBook.

LookBook represents a digital gallery of photos that showcase new, vintage, designer and brand name clothing, shoes and accessories available on eBay’s Marketplace. Users can also share photos of their looks, vote on their favorite looks and directly shop the Marketplace for similar styles and trends.

Today Formula Investing (www.formulainvesting.com), the online money management firm, announced the launch of the first-ever iPhone app that allows individuals to follow managed stock portfolios from their iPhone and iPod Touch devices. This unique innovation was developed by Formula Investing, the money management firm that follows the investment strategy described by top value manager Joel Greenblatt in his New York Times bestselling book The Little Book That Beats the Market.