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U.S. Bank To Launch Photo Bill Payment In 2013

Thursday, December 6, 2012 - 5:05 AMUS Bank (OH) - Details
From American Banker
U.S. Bank (USB) in Minneapolis has committed to becoming the first large U.S. bank to offer mobile bill payment in the manner of mobile check deposit — letting users pay a bill by simply taking a picture of it with the camera on their smartphone or tablet.

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US Bank's press release has more details:
Mobile Photo Bill Pay will allow U.S. Bank customers to set up bill payments by simply snapping a picture of their paper bill using their camera-enabled smartphone or tablet. The new feature eliminates the need to manually enter biller and payment information, and allows the customer to make bill payments directly from their mobile device.
[...]
U.S. Bank will be the first leading financial institution to offer this innovative service to customers in early 2013.

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I would prefer to see banks spend less time on these types of innovations and more time on innovations that raise deposit rates.
3
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Thursday, December 6, 2012 - 8:58 PM
> I would prefer to see banks spend less time on these types of innovations
> and more time on innovations that raise deposit rates.
>
Well said.
1
cumuluscumulus364 posts since
Jan 16, 2010
Rep Points: 1,706
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