TMCnet News

USAA Launches Deposit@Mobile Feature for the iPhone
[August 16, 2009]

USAA Launches Deposit@Mobile Feature for the iPhone


Aug 13, 2009 (Close-Up Media via COMTEX) -- USAA said it has launched a mobile deposit capability for the iPhone, meaning qualifying banking members can now use their iPhones to deposit a check from anywhere they can get a wireless signal.



The new USAA Deposit@Mobile feature, available on the company's USAA Mobile App for the iPhone is secure and simple to use. Eligible members can snap a photo of both sides of a signed check with their iPhone's built-in camera, and then transmit the image to USAA through the phone. USAA systems immediately verify the deposit information and signature to complete the transaction.

The new capability builds on USAA's Deposit@Home service, introduced in 2006, which lets qualifying members scan and deposit checks using their home computer and scanner. In most cases, deposits are immediately available for use.


"Our members are on-the-go and need to be able to manage their accounts at all times, from any location," said Wayne Peacock, USAA's executive vice president of Enterprise Business Operations. "Nearly 50 percent of our 1 million mobile users are active-duty military, who may be deployed anywhere. The convenience of mobile access is essential to delivering the highest possible level of customer service." USAA noted Deposit@Mobile is the latest enhancement to the USAA Mobile App for the iPhone, launched in May, which enables qualifying USAA members to manage insurance, investment and bank accounts on a single, safe and secure platform, the company noted in a release.

((Comments on this story may be sent to [email protected]))

[ Back To TMCnet.com's Homepage ]