The USAA Lets You Cash Cheques from Your iPhone
References: usaa & coolest-gadgets
The USAA has created an iPhone app that eliminates the need for going to the bank to deposit your cheques.
The USAA iPhone app lets users snap a picture of the front and back of their cheque and deposit it into their account. While only currently in use for active-duty military personnel, this app is a cool step towards no bank lines (exciting!). While definitely not an app for those who don’t trust technology, this seems like a cool new development in easy banking.
The USAA iPhone app lets users snap a picture of the front and back of their cheque and deposit it into their account. While only currently in use for active-duty military personnel, this app is a cool step towards no bank lines (exciting!). While definitely not an app for those who don’t trust technology, this seems like a cool new development in easy banking.
Trend Themes
1. Mobile Deposit Technology - The development of mobile deposit technology allows for more convenient and faster depositing of cheques from anywhere without having to go to the bank.
2. Digital Banking Innovations - The creation of digital banking apps and features like cheque depositing and mobile banking are changing the landscape of traditional banking.
3. Contactless Payment Solutions - Contactless payment solutions are becoming more popular as consumers look for more ways to avoid physical payment transactions.
Industry Implications
1. Banking - Digital banking innovations like mobile deposit technology present opportunities for financial institutions to attract and retain customers by offering more convenient and modern banking services.
2. Technology - Mobile deposit technology is a disruption to traditional banking as it offers a way for consumers to leverage mobile technology to conduct financial transactions from anywhere, tapping into the ever-growing market for mobile-based solutions.
3. Retail - Contactless payment solutions present opportunities for retailers to offer a more seamless checkout experience to customers while also reducing checkout times to speed up the transaction process.
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