Another Geek Cool: The Next Step In Banking By iPhone.

I've been a USAA customer for some time, and it's innovative things like this that keeps me a rabidly loyal customer:

USAA, a privately held bank and insurance company, plans to update its iPhone application this week to introduce the check deposit feature, which requires a customer to photograph both sides of the check with the phone’s camera.

“We’re essentially taking an image of the check, and once you hit the send button, that image is going into our deposit-taking system as any other check would,” said Wayne Peacock, a USAA executive vice president.

Hattip: Jason at Countercolumn.