USAA

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.

 MasterCard Worldwide has announced that USAA Federal Savings Bank will implement its MasterCard Integrated Processing Solutions (IPS) debit processing platform for branded network and issuer processing services in support of signature and PIN debit, and ATM driving. 

"We believe that the capabilities of MasterCard IPS will position USAA to address and adapt to the unique and changing payment needs of our members around the globe while offering the most advanced services," said David Bohne, President, USAA Federal Savings Bank. 

 Under the shadow of a still-sluggish economy, many holiday shoppers are embracing healthier money management habits to help keep debt at bay, according to a new survey of 1,000 U.S. adults by USAA. In addition, this back-to-basics approach appears to have many shoppers feeling optimistic about this year’s holiday shopping with nearly half (48 percent) of survey respondents saying that the movie titles “It’s a Wonderful Life” and “Jingle All The Way” best describe their approach to this year’s holiday budget.