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PayPal Lets You Deposit Checks With Your Phone

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Sep 30, 2010.

  1. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    PayPal's new iPhone app, featuring the ability to cash checks with your phone, is coming out within the next few days, the company announced at Disrupt.

    PayPal has been hyping this feature for a while now: the user takes photos of the front and back of any check written out to them, and the money is automatically deposited. There's no need to make a trip to a local branch of your bank.

    Chase offers a similar feature in its app. We'd love to see this become universal: it's obviously a huge convenience.

    http://www.businessinsider.com/paypal-lets-you-cash-checks-with-your-phone-2010-9
     
  2. thefish2010

    thefish2010 BANNED BANNED

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    Umm...yeah. Talk about ripe for abuse!
     
  3. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    tell me about it!!! wonder how long before this gets shut down due to fraud... :p