This is moving into the next phase here and when we talk about doctors making house calls againwhat a great way to get payment on the spot. There’s a similar technology working for banks to deposit checks with your camera on the phone. One banks is already thereso are you still just using your cell phone for phone calls?
Now we finally have a video that shows how this all comes together. This could easily be done right within the office too and not have to have that card swiping machine around. Last time I wrote about this company it was just a very small trial in the San Francisco area and it looks like it is growing now.
Remember that awesome video that was made for the Twitter iPhone app Birdhouse last year (if notwatch it)? Wellthat guyAdam Lisagor (aka LonelySandwich) is back at it againthis time for the mobile payment startup Square. In the two minute and 18 second video belowLisagor quickly and easily walks you through what Square is and how to get it up and running.
That's cool but still you have to be aware about scam. Nowadays, scammers are everywhere, even using technology they can easily achieve their goal. On the other hand, last year there was a law passed that was supposed to help customers reduce their credit debt; sadly lenders just found a lot more ways around these laws. The Federal Reserve finally found a way to try and help customers who are being hurt due to these new loopholes. One of the most useful alterations is a creditor cannot charge you a late fee before you are late two time in a six month period. This should keep lots of individuals from having to take out a
payday advance just to pay their charge card bill.