The United States Automobile Association (USAA)—a privately held bank based in San Antonio, TX—will allow its customers to deposit checks using its iPhone application starting this week. The iPhone application will allow users to deposit checks simply by taking a picture of both sides of the check with the iPhone’s camera. That’s it. The entire process is done electronically, and the physical check can be voided, filed, or discarded.

Mac OS X financial management software, iBank, has just added some new features. If you’ve been using the personal and small business finance software, the 3.1 version will now let you preview direct downloads to match your current transactions. You will also be alerted if ever duplicate transactions occur when you are importing to iBank. more »