While Macites await the coming of the iWallet revolution, another bank in Canada is moving ahead with a new app from Apple's App Store called "Deposit Anywhere." While the new app is best for small businesses that need to make deposits quickly, securely and conveniently – it's available to anyone that has an iPhone. Canadian users can deposit a cheque anywhere, anytime, in less than a minute, without having to visit a branch or find an ATM.
Credit unions will be the first financial institutions in Canada to offer remote deposit capture – the ability for members to use the camera in their mobile device to snap an image of the check (spelled "cheque" in Canada) they want to deposit and use their mobile banking app to deposit the item electronically. No more taking a cheque to a branch or an ATM. Deposit Anywhere is Central 1's branded mobile deposit service. The software behind this new app is from NCR. NCR's software provides the backbone for mobile remote deposits at three of the five largest banks in the U.S.
Central 1 is working with Meridian in Ontario, Affinity Credit Union in Saskatchewan and Westminster Savings Credit Union in B.C. to launch Deposit Anywhere as part of their mobile banking applications.
Starting on April 17, members of Westminster Savings can use Deposit Anywhere when they download the free Westminster Savings mobile banking app from the Apple App Store or iTunes. Meridian and Affinity credit unions plan to launch the Deposit Anywhere feature in May.
Deposit Anywhere will be broadly available for credit unions to begin implementation this June. See more about this in the video below.
About Comments: Patently Apple reserves the right to post, dismiss or edit comments.