By now, using your smartphone for check deposits has almost become old hat. U.S. Bank is looking to take the next step in conjoining gadgets and financial accounts with the launch of Mobile Photo BillPay. The feature, which the bank says is the first of its kind, lets customers snap a photo of a bill, after which all payment fields will automatically be populated with the proper information. The underlying technology has been developed by Mitek, with extracted data including the intended payee, address, account number and total amount due. Of course you’ll get a chance to review this data before authorizing a bill’s payment; that’s a good thing, since we can’t imagine Mobile Photo BillPay will be flawless each and every time out. Nonetheless, U.S. Bank cites one study that expects the feature to reach a 33 percent adoption rate within the US by 2018. Mobile Photo BillPay is available now for U.S. Bank’s iPhone, iPad and Android mobile banking apps.
U.S. Bank now letting customers snap photos of their bills for automatic mobile payment
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Most Popular
Most Popular
- Anker’s new window-mounted camera monitors the outside of your home from within it
- The touchscreen MacBook Pro is a winner
- Discord is ditching Electron and its new app uses less RAM
- Xbox overhauls its PC, web, and cloud apps with a faster design
- Sam Altman addresses RAM comments: People should ‘put as much as they want in their computers’
