One in seven Americans have deposited a cheque using a mobile device in the past 12 months, according to a survey from the American Bankers Association (ABA), up from one in eight a year prior.
While the survey found an uptick in the total number of Americans who have used mobile deposit, a full 82 per cent said they had never deposited a cheque by taking a photo on their smartphone.
Of those who have used mobile deposit, the number of people utilising the service at least once per month declined year-on-year from 80 per cent to 54 per cent.
According to Nessa Feddis, senior vice president and deputy chief council for consumer protection and payments at the ABA, this decline could be due to an overall decrease in the popularity of cheques.
She said: “People are receiving cheques less frequently, but when they do they’re increasingly turning to mobile banking to deposit them. Mobile has become a bigger part of how people interact with their bank and we expect banks to continue to expand and enhance customer services available through mobile devices.”
Related reading
JP Morgan creates crypto for international settlements
US bank JP Morgan announced this week that it would be launching its own cryptocurrency, JPM Coin, claiming to be the first ... read more
Regulatory “weathervanes” to prove blockchain’s maturity
Small jurisdictions like the Isle of Man are being used as proving grounds for the maturity of blockchain, an opportunity they can ... read more
Barclaycard & Guess contactless watch: a review | video
Barclaycard's step into wearables market takes shape with high end watch
Report: DLT, SWIFT gpi, Ripple and cryptos shape payments
The greatest impact of blockchain on payments is the acceleration of SWIFT gpi, according to Ed Adshead-Grant, general manager of payments, at ... read more
