trilium banner March 2012
     

By Scott Thompson

An update to PayPal’s Android app means that US customers can now transfer cheques to their accounts by taking a photo with their handset. This follows the introduction of the feature on PayPal's iPhone app at the tail end of last year.

Posting on the company blog, Shimone Samuel, product experience manager, PayPal Mobile, comments: "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 account or withdraw it to my bank."

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Other stories you may find of interest:

Banks in the UK vote to end cheques by 2018
In a long mooted move, the major High Street banks in the UK have voted to stop clearing cheques in the country by 31 October 2018, bringing 350 years of history to an end. The representative body, the Payments Council, welcomed the move, which it pushed for in its original national payments plan last summer but backed off after consumer complaints. It now says that the end date will help the gradual phasing out of the payment method, but a review will be carried out in 2016 to check on progress

Faster payments’ popularity batters doomed cheques
Faster payments usage has rocketed, says the Payments Council, but cheques have plummeted in popularity by ten per cent in 2010 compared to the same period in 2009

bankers accuity may 2012


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