PayPal to Let You Deposit Checks with iPhone Photos

File this one under, "Ok, fine, we do live in the future." PayPal's latest iPhone app will allow you to deposit checks into your PayPal account by simply photographing the front and back with your iPhone. At least that's the plan according to one of the company's executives who spoke at TechCrunch's Disrupt Conference.

On a panel alongside Keith Rabois from Square and Holger Luedorf from Foursquare, [PayPal's Laura] Chambers said that this new app will allow you to take a picture of the front and back of a check with your iPhone camera, and it will be added to your PayPal balance.

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