18 December 2017
visit www.ebaday.com

PayPal brings cheque deposit feature to Android app

19 May 2011  |  8312 views  |  1 cheque

PayPal has updated its Android app, enabling US customers to transfer cheques to their accounts by taking a photo with their handset.

The feature was introduced to PayPal's iPhone app in October and has been a big hit says the firm, with about a million dollars a month uploaded using the system.

Although their popularity is waning, cheques are still widely used in the US, meaning that mobile deposit technology is increasingly popular. Earlier this month, specialist vendor Mitek Systems raised $15 million through a share sale after reporting record revenues and earnings.

On the company blog, Shimone Samuel, product experience manager, PayPal Mobile, says: "From a personal perspective I love the cheque transfer feature, I use an online-only bank and until this feature was added my only option was to mail cheques for deposit. Now I snap a picture and add them directly to PayPal. I can leave the balance in my PayPal account or withdraw it to my bank."

The updated app can also now be stored on the SD cards of handsets running Android 2.2+.

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 22 May, 2011, 10:16

"Million dollars uploaded a month".

Either the 'million' is a typo or the Mobile RDC market is so tiny that even a company of the (large) size of PayPal has to content itself with such a (small) volume from a product that it calls a "big hit". 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Banks winning on trust for m-payments but new players catching up

Banks winning on trust for m-payments but new players catching up

13 May 2011  |  11903 views  |  0 comments
US Treasury prepares to retire cheques

US Treasury prepares to retire cheques

26 April 2011  |  8911 views  |  0 comments
Judge doubles US Bank cheque imaging patent infringement award

Judge doubles US Bank cheque imaging patent infringement award

30 September 2010  |  6747 views  |  0 comments
Chase adds cheque deposit and P2P payments to iPhone app

Chase adds cheque deposit and P2P payments to iPhone app

06 July 2010  |  10546 views  |  0 comments
PayPal launches mobile version of Express Checkout

PayPal launches mobile version of Express Checkout

02 July 2010  |  10253 views  |  0 comments
PayPal mobile developer library enters open beta

PayPal mobile developer library enters open beta

28 April 2010  |  9603 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11021 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8407 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7515 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6991 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6946 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job