Bank Of America Rolling Out New Mobile Banking Services

From Reuters via Yahoo! Finance

Starting Thursday, Bank of America will allow customers to make deposits by submitting a photo of a check through their smart phones, the bank's online and mobile banking executive, Aditya Bhasin, said on Monday.

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Bank of America is also rolling out a PayPal-like personal payment service and a mobile phone coupon service. The PayPal-like service is based on the ClearXchange network which was formed last year between Wells Fargo, Bank of America and JPMorgan Chase.