This reaction for me is a clear indication that mobile banking is way behind in the US compared to most other countries. Many things about this application is strange.
- The iPhone is a great phone, but most people will agree that the camera technology is probably the worst on the market. The business process for fuzzy checks will be interesting.
- It is doubtful that people with checks would want to use a phone to bank the checks. Typically most of these people would have access to a PC. The user experience on a PC would be much easier to manage than utilising a phone.
- Risk and fraud management will be particularly difficult
- Future extension to this application (to ultimately turn this into a real mobile banking solution) will be difficult, architecturally.