The fingerprint reader on the new iPhone brings mobile payment wallet a step closer, analysts say. And in the near term, it could help make mobile banking more secure.
The big news this week is that Apple launched its precious new baby, iPhone 5, on Wednesday. Two summers ago, I wrote about why I was dying for an iPhone 4 but resisting. Are you purchasing an iPhone 5 now, or are you going to wait like me until it costs me less than half a month’s of rent?
Read on for my list of my top 10 favorite personal finance blog posts from the past week.
Millions of people have made purchases at Starbucks using just their smartphones, the coffee mega-retailer said.
That announcement on March 23 — perhaps our strong indication yet of people’s appetites for using mobile payments to buy everyday items — made headlines, but it’s just the latest example of the continued mainstreaming of mobile payments.
There have been rumors for years that the iPhone would be available to Verizon Wireless customers, but every time consumers and industry experts thought it was about to happen, it never did. Well, the time has finally come. Verizon customers no longer have to flee their cell phone contracts to get the beloved iPhone. A Verizon-friendly version of the iPhone will be on sale early next year, according to The Wall Street Journal. AT&T’s monopoly on the popular mobile device is ending.
For the past few years, anyone who was on a plan other than AT&T was out of luck if they wanted the iPhone. They could wait until their contract ran out, but most contracts are for two years. If they were desperate (like me), they paid a hefty termination fee on their existing plan to switch over, and then paid several hundred more dollars for a new iPhone. If consumers had bad credit, they also had to pay a deposit. That’s a lot of work to get your hands on a cell phone. Sometimes it hurts to be patient, but if we can suck it up, it’s worth it.
Read on to soak up some of my favorite personal finance advice and insight from blogs in the past week!
On Monday, Apple CEO Steve Jobs made a much-anticipated presentation at the Worldwide Developers Conference in San Francisco: He announced the birth of the iPhone 4, which will become available to consumers June 24.
The original iPhone was released in 2007, but the new fourth generation puts that model to shame. It’ll be be 24 percent thinner, have a longer battery life and have a camera lens on the front to enable video conferencing. The 5 megapixel camera will also be able to shoot HD video, which can be edited directly on the phone. You’ll also be able to run more than one application at a time. According to Jobs at the conference, this version is the “biggest leap since the original iPhone.”
Why am I telling you thigs? Because I want one.
Oh, but do I really need one? We consumers are constantly faced with these types of difficult decisions, and if we give in more often than we should, our credit card bills will suffer for it.