Confirmed: T-Mobile to drop FlexPay, require deposits

By on March 1, 2011 at 3:19 PM.

Confirmed: T-Mobile to drop FlexPay, require deposits

We reported yesterday that T-Mobile will be eliminating its FlexPay plans, and we’ve now received a screen shot of an internal T-Mobile document that confirms the carrier’s plans to drop FlexPay. In its place, T-Mobile will be introducing a program that lets customers with unsatisfactory credit sign up for postpaid-like plans by leaving deposits up front. These deposits range from $50 per line to $400 per line, and will be based on the customer’s credit rating. Full deposit amounts will need to be paid at the time of activation and deposits will be refunded in their entirety after accounts have been in good standing for 12 months.

Thanks, justfinethankyou!

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PayPal iPhone application to accept check deposits via camera

By on September 29, 2010 at 5:20 PM.

PayPal iPhone application to accept check deposits via camera

Today, at the TechCrunch Disrupt conference in San Francisco, Paypal’s Laura Chambers indicated that an update to her company’s iPhone application, that will allow users to deposit checks by photographing the front and back of the tender with their Apple smartphone, is due “in the next day or so.” The ability to deposit checks via scanned images has already been implemented by some traditional banks, however PayPal will be one of the first companies to implement the feature into a mobile application. More →

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USAA bank to allow iPhone-facilitated check deposits

By on August 10, 2009 at 4:02 PM.

USAA bank to allow iPhone-facilitated check deposits

While the US is decidedly and unbearably behind the curve when it comes to mobile banking, the iPhone is managing to spark some creativity in the space. Case in point: USAA, a privately-held bank and insurance peddler, will be updating its iPhone app soon with a new check deposit feature. As you might have been able to conclude from the image above, USAA’s app will allow account holders to capture images of a check and deliver them securely to the bank’s servers. The bank will then process the check and deposit the funds in the customer’s account. There will be no need to go to a branch to follow up or even mail the check to the bank for verification — snap a few pics and you’re done. Awesome. The new feature will only be available to certain customers; those “who are eligible for credit and have some type of insurance through USAA.” According to the bank’s EVP however, about 60 percent of the bank’s customers will meet these requirements and therefore be able to use this great new feature when it becomes available. While the technology involved is nothing groundbreaking, this is yet another example of of the iPhone spawning creative new solutions and services. Let’s just hope Apple approves the app.

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