PayPal App Update – Deposit checks with your iPhone camera

Just yesterday, the Google Mobile app was updated with Google Goggles, a new and exciting tool that lets you search objects and things around you simply by snapping a photo with your iDevice. And now, we see even more uses for your mobile camera – this time, in the form of depositing checks into your PayPal account. With the latest PayPal app update, users can capture an image of the front and back of the check and the funds will be deposited after a 6 day waiting period. If you’re not in a hurry for the money to clear (and assuming you actually have a PayPal account), this can certainly come in handy.

For those for you who use the Chase Mobile banking app, this form of digital deposit has actually been implemented for several months now. And with so many banks that have their own iPhone apps, it would be great for all users if this became a standard feature one day.

PayPal PayPal, an eBay Company, PayPal, 10.8 MB – Free

[via 9to5mac]

Paypal app gets Bump feature in 2.0 update

PayPal has just released a great update to their iPhone app, one with plenty of new features and a completely new interface. If you thought the old version looked a bit too drab, this 2.0 update should make sending money a whole lot easier on the eyes. Aside from the aesthetics, PayPal has also introduced the “bump” feature to initiate money transfer (mimicking the popular Bump app). Here’s whats new:

  • Brand new look and feel!
  • Bump: Easily start by bumping iPhones.
  • Withdraw funds from your PayPal balance.
  • Request Money: Get paid faster, it’s the easy way to ask for the money you are owed.
  • Split the Check: Instantly split the bill, calculate tip, and request everyone’s share.
  • Collect Money: Ask for contributions from a group for an event, gift, or cause.
  • Set Reminders: Never miss rent or a bill.
  • Refer the app to a friend

For those who use PayPal regularly (or once in a blue moon), the new update makes the app even more useful. Be sure to check out the excellent video trailer highlighting some of the new additions after the break.

PayPal PayPal, an eBay Company, PayPal – Free

Continue reading…