At the TechCrunch Disrupt conference today PayPal has unveiled a new check deposit system that it will soon be adding to its iPhone PayPal App.
The new feature allows you to take photos of both the front and back of the check with the iPhone’s camera, PayPal will then add this amount to your PayPal balance.
PayPal’s Laura Chambers announced the news and explained that the new functional has been explored by a number of banks stemming from the 9/11 attack nine years ago. When much of the infrastructure of the U.S. was either shut down on purpose or was struggling under the weight of demand.
The new feature should be avaiable to PayPal iPhone App users within the next few days
Via BGR Via TechCrunch
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