US Bank: pay bills with your camera phone

US Bank, with Mitek, is launching its mobile photo bill pay services, enabling customers to snap a photo of a paper bill to quickly add a payee or pay off a bill. The service, which can be used via smartphones and tablets starting early next year, is integrated into U.S. Bank’s mobile app.

How it works: (source GIGAOM)

"A user snaps a photo of a bill and Mitek’s technology cleans up and corrects the image, isolates and extracts the data, transmits the encrypted information to the bank, and then sends it back to the user, who can confirm the information and decide how much they want to pay. If it’s a bill from a new company, the app will establish them as a new payee. Users just click pay and then the transaction is complete. Or they can set up recurring payments if they choose."