Consumers Union questions safety of paying with smart phones
Wed, 08/25/2010 - 03:00 EDT - LA Times
The publisher of Consumer Reports calls on regulators to create protections for payments made with mobile devices.Paying for a shopping spree by waving a smart phone may be more exciting than swiping a credit card, but according to Consumers Union, it might not be as safe.
If you’re a recent college graduate, you’re probably concerned about all things financial – from finding a full-time job to renting a home to saving for retirement to dealing with student loan debt. And in the midst of all that, you’ll have to decide how to use credit cards to better your own financial future.
Using mobile devices to make peer-to-peer payments may not be a widely used service — yet. But they're poised to take off phenomenally. The service may even pave the way for using your smartphone to pay in-store.
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Despite testifying that she wasn’t informed of the deadly ignition-switch problem until late December 2013, The Wall Street Journal reports that, according to emails it has obtained, GM ordered a half-million replacement ignition switches almost two months before it alerted federal safety regulators to any problems. Who was in charge of GM purchasing at this time? Mary Barra.
By William Meyers: Marvell Technology (MRVL) makes semiconductor chips for hard disk drives, cell phones, networking and other devices. They have long dominated the HDD market, but have struggled in the smart phone market. In their second quarter of fiscal 2011 (Q2), ending July 30th, we probably saw an inflection point for smart phones based on Marvell chips.