PNC Financial Services Group Inc. is making its mobile check capture technology available to its main customer base after a successful rollout with customers of its online-centric Virtual Wallet account.
The Pittsburgh-based banking company on May 31 formally announced the expansion of the service, which enables customers to deposit endorsed checks by photographing them with a mobile phone’s camera.
PNC said it introduced the feature to its app to respond to changes in customers’ banking habits.
“There has been unprecedented change in consumer preferences and customers’ relationship with their money,” Tom Kunz, PNC’s senior vice president and director of e-business and payments, said in a press release. “Mobile deposit is another way that PNC makes it easier for customers to achieve their financial goals.”
The app, developed by mFoundry Inc., works on Apple Inc.’s iPhone, iPod Touch and iPad 2 devices, which have built-in cameras.
PNC said that depositing a check with its app takes about 90 seconds and that funds from checks deposited before 8 p.m. are typically made available the next business day.
The bank first offered remote deposit capture for business customers in 2006.
PNC’s Virtual Wallet account, launched in 2008, was designed for consumers who conduct most of their banking interactions online and thus have less reliance on branches. Though it was initially pitched to younger consumers, Virtual Wallet was expanded recently to provide options more appropriate for an older demographic.
