U.S. Bank to launch new mobile photo bill pay app

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U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank, will let its mobile customers snap a photo of a bill with their smartphone or tablet and pay it starting in early 2013, according to a news release. U.S. Bank is teaming up with San Diego-based Mitek Systems to add the new feature, which eliminates the need to manually enter payment information.

“Mobile banking and mobile payments continue to be a priority for U.S. Bank as we take advantage of new technology and deliver added convenience to customers via their mobile devices,” said Niti Badarinath, senior vice president and head of mobile banking at U.S. Bank. “U.S. Bank has been a leader in mobile banking and mobile payments since we first piloted a contactless payment solution in 2008, and were one of the first banks to offer a mobile check deposit feature in 2010."

The Business Journal notes U.S. Bank rolled out a feature last summer that allows mobile users to take a picture of a check and deposit the money into their account.

Click here to follow U.S. Bancorp's stock performance.

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