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The PayPal iPhone app already makes it convenient to access your account and transfer money on-the-go. Two people can even bump iPhones to exchange currency between two accounts. Now PayPal will add check depositing capabilities to an impending app update.

By simply taking a photo of your check with the iPhone camera, you'll be able to deposit the money directly to your PayPal account. Of course PayPal isn't the first to launch this technology in an iPhone app. USAA Bank and Chase have both integrated check scanning into their mobile apps.

Apple as usual has made a business decision that could lead to exciting new features on the next generation iPhone and beyond. The company has acquired Swedish company Polar Rose, known for its mobile face recognition technology FaceLib among other similar products.

With full face detection and tracking of faces in video, the solutions Polar Rose delivers could change how you interact with your iPhone. Now that the iPhone 4 has a front-facing camera, passcode lock could end up going the way of the dinosaurs.

Every time a new Apple patent goes public it sets off waves of speculation about the next iPhone. The latest round of patents is no different, and some features are already expected to debut on the iPhone 5 next summer. Two of these patents would make for some interesting changes in the next iPhone and beyond.

One patent shows a redirecting flash. Apple just added an LED flash to the iPhone 4 and the company is already looking to improve this feature. A redirecting flash would be capable of aiming and focusing light to specific areas in a photograph to help properly expose the scene.

Looking for more ways to improve your jailbroken iPhone? Many applications are available that expand the features and functions of your iPhone beyond what Apple allows. Tethering is one such function that makes it possible to use your 3G data connection to create a Wi-Fi hotspot for other devices. AT&T has finally made an official tethering solution available, but many customers don't want to pay the extra expense.

Enter MyWi 4.0. This jailbreak app creates a Wi-Fi hotspot instantly and allows multiple notebooks or other devices to use the iPhone data connection. USB tethering is also an option, and the Wi-Fi network you create will feature WEP security.

Even though jailbreaking is more accessible to iPhone users than ever before, some may question whether or not apps developed outside the App Store are really necessary. The fact is that Apple limits some functionality for security and other reasons. Here are two great apps that make it possible to do more with your 3G connection if your iPhone is jailbroken.

Auto3G switches your iPhone's 3G cellular data connection to EDGE (2G) automatically every time you lock your device. Why not stay connected to the 3G network when the iPhone is locked? Battery life, that's why. Your battery life can be extended when the 3G network is only used when necessary.