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San Francisco (AFP) Oct 8, 2010 A PayPal application that lets people deposit checks by scanning them with cameras built into iPhones was considered a budding success on Friday. More than 100,000 dollars worth of checks were handled by a Mobile Check Capture feature in the 36 hours after it was added Wednesday to a PayPal application for Apple's popular smartphones. "There must have been a lot of people with checks waiting for the new PayPal mobile check capture to come out," PayPal Mobile senior director Laura Chambers quipped in a blog post. "We knew that this would be popular but we had no idea just how much pent up demand there was for a quick, easy way to deal with checks." The service, powered by BankServ, enables people to deposit money into PayPal accounts by using iPhone cameras to take pictures of checks made out to them. Mobile Check Capture is one of the new features added to the recently released iPhone 2.7 application available online at PayPal.com/mobile or at the iTunes website run by Apple. PayPal is a major Internet financial transactions service owned by online auction powerhouse eBay.
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China's Wen hits back at Japan in rare earths rowBrussels (AFP) Oct 6, 2010 Chinese Premier Wen Jiabao hit back at Japan Wednesday in a row about shipments of rare earth minerals, threatening fresh strains between the northeast Asian giants over a key high-tech resource. "We will not block the rare earth market," Wen told an audience of business figures in Brussels ahead of a fractious summit with EU leaders marred by a dispute over the yuan and other differences. ... read more |
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