A PayPal application that lets people deposit checks by scanning them with cameras built into iPhones was considered a budding success on October 8. More than 100,000 dollars worth of checks were handled by a Mobile Check Capture feature in the 36 hours after it was added to a PayPal application for Apple's popular smartphones.
The service, powered by BankServ, enables people to deposit money into PayPal accounts by using iPhone cameras to take pictures of checks made out to them. Mobile Check Capture is one of the new features added to the recently released iPhone 2.7 application available online at PayPal.com/mobile or at the iTunes website run by Apple. PayPal is a major Internet financial transactions service owned by online auction powerhouse eBay.
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