Leading online payment processor announces a new iPhone application.

When we covered the story of Chase Bank's new app that lets customers deposit checks with an iPhone, we knew that other banks will shortly follow suit. It turns out that Paypal too has announced a similar app that will allow users to take the picture of the front and back of a check with their iPhone camera to simply add it to their Paypal balance. The company said that their app will debut shortly.

Paypal

[via Business Insider]

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