Facebook.
When is the last time you can think of, in which you didn't hear the word facebook in a full day?
Facebook has been making 2 big additions to its social monopoly by now starting to test/add its own "groupon" feature to its advertisers and also "renting" movies online.
The online movie feature is technology from almost a decade ago, but Warner Bros has launched the first application in which facebook users can download movies directly off their facebook account. The first movie to be released as the test will be the 2nd film in the Batman series "The Dark Night" because facebook users have "liked" the film over 3 million times. The idea behind it is simple; with over 600 million registered users sharing information with their friends, they can now share what movies they are liking and give their opinions on it directly to all their friends.
Warner Bros is starting that application at $3 for a 48 hour rental, of with Mr Zuckerbergs gets 30% ( Atta boy Mark...). They plan to continue to offer more videos and also provide the option of purchasing or downloading them.
Facebook is also starting to use its own daily deal feature to compete with the ever growing wildfire of "daily deal" websites such as groupon and living social. The article that was featured in the L.A. Times says that "
U.S. consumer spending on daily deal sites is on track to hit $3.9 billion in 2015 from $873 million in 2010, according to research firm BIA/Kelsey". This little trick is sure to increase the size of that advertising office they currently have to one that will be capable to handle the traffic.
The major deal sites such as groupon and living social have millions of customers, but remember, facebook has over 600 million members....
So, when does the monopoly facebook edition board game get released? I'm thinking Christmas 2011...
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Tuesday, March 15, 2011
Tuesday, February 1, 2011
No time to get to the bank? Just take a picture of your paycheck instead.
Over the weekend, I had a friend of mine talking about how a couple banks in the USA have developed an application for Iphone users (Blackberry people, enjoy your BBM, nothing compares to an Iphone), that takes online banking to a new level. JPMorgan Chase is not the first, but the latest American bank to developed and launched an application in which customers can electronically deposit paper checks by simply taking a picture of them. I thought having a TD Canada trust app on my phone was cool and convenient, but this blew my mind.
The process is simple according to the USA Today article, the customer simply takes a picture of the front and back of the check, then forwards the pictures to their account. According to the article, this application has been available for an American bank called The USAA since last August and has been used to deposit 1.5 million checks with a value of over $900 million. They initially made this application because the bank only has one branch, so for customers who were unable to deposit their checks in person; previously had to deposit a check by mail.
As for the security behind this system and check fraud, the article states that they do have several features to protect users from check fraud. I am sure that once other banks are able to develop a secure application that they will be soon to follow, as always when technology changes.
Though I rarely get checks, when I do receive a check; it will typically sit in my wallet until I have time in my day to make it to a bank. Who has time to sit and wait in line at a bank these days?
I always hear how people never enough time in the day to get everything done that they wanted to accomplish. Everyday Apps are constantly being launched some impressive, others useless, but this application definitely impressed me. The question is, how much longer will it be until the day where we not only have enough time to get everything done, but spare time to enjoy? What do you think of the latest technology breakthrough?
Cody
The process is simple according to the USA Today article, the customer simply takes a picture of the front and back of the check, then forwards the pictures to their account. According to the article, this application has been available for an American bank called The USAA since last August and has been used to deposit 1.5 million checks with a value of over $900 million. They initially made this application because the bank only has one branch, so for customers who were unable to deposit their checks in person; previously had to deposit a check by mail.
As for the security behind this system and check fraud, the article states that they do have several features to protect users from check fraud. I am sure that once other banks are able to develop a secure application that they will be soon to follow, as always when technology changes.
Though I rarely get checks, when I do receive a check; it will typically sit in my wallet until I have time in my day to make it to a bank. Who has time to sit and wait in line at a bank these days?
I always hear how people never enough time in the day to get everything done that they wanted to accomplish. Everyday Apps are constantly being launched some impressive, others useless, but this application definitely impressed me. The question is, how much longer will it be until the day where we not only have enough time to get everything done, but spare time to enjoy? What do you think of the latest technology breakthrough?
Cody
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