If you were wondering what the future of mobile banking looks like, it's Picture Pay. With more and more people turning to their smartphones to handle their personal finance, mobile app developer Robert Gaynor created Mobile Remote Deposit Capture. In the same vein, Picture Pay allows people to pay their bills by taking a photo of it.
Instead of business people depositing checks with their iPhones, Picture Pay is being used increasingly by all people, especially those with Apple mobile devices. With the iPhone 5s boasting an 8 megapixel camera, mobile banking users can snap incredibly good quality pictures and not have to worry about blurry bills. This fast and sure way to input data is most likely to appeal to millennials who want their newfound adult responsibilities to come as easily as possible.
Mobile Bill Paying
More Stats +/-
Selfie-Unlocked Phone Apps
Palm Print-Scanning ATMs
App-Detecting Bank Campaigns
Cardless ATM Apps
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Picture Pay Allows People to Pay Their Bills By Snapping a Smartphone Photo
- By: Alyson WyersJul 4, 2014