PayPal has updated its iOS app with support for loyalty cards from a long list of selected retailers. The app allows you to select one of the supported companies from the list and scan the barcode on your loyalty or discount card, then saves the data in a digital wallet. The update puts PayPal in competition with Apple’s stock Passbook application, which also allows for storage of loyalty cards and other similar information.

The update also includes bug fixes and removes the ability to scan a check using the device’s camera to deposity money in your PayPal account. You can grab the version 5.5 update for free on the App Store.

What’s New in Version 5.5 Loyalty cards, login, and more!

• Link all of your favorite loyalty cards to PayPal. Carry virtual versions on your mobile. Your wallet deserves the break. • Vroom! Faster logins are here. We did some work behind the scenes to speed things up for you. • No bug is safe! We’re finding and fixing them as fast as we can. • We’re no longer offering the “scan a check” feature. Not to worry. You can still add money to PayPal directly from your bank account.

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