Research firm Corporate Insight describes iPad investing apps that are available for consumers so far:
Watch for The ‘Wallet’
Later this summer, Google will expand its “Wallet” to more consumers. The Wallet will allow shoppers to touch their phone screen to select a card, and tap the phone to a credit card reader in a store or restaurant.
Google makes money by selling coupons and advertising that come along with the experience.
Cell phone companies, card issuers, and eBay’s PayPal payment service are among the entities competing for consumers’ payments business. All are looking for the most successful ways to tie together phones, retailers, and financial institutions.
Initially the Wallet will work with a MasterCard from Citigroup and with a Google-issued prepaid debit card. But a hurdle for all phone payment apps remains getting retailers to invest in terminals that talk to phones, The New York Times notes.
So far, the Wallet operates on only one smartphone: Google’s Nexus S 4G by Sprint.
The Looming Retirement Crisis
Bookmark “Condon’s Critiques” on your list of must-read book reviews. It’s written by Mark Condon, CUNA’s senior vice president of business and consumer publishing, and is available at creditunionmagazine.com.
Of “When I’m Sixty-Four: The Plot Against Pensions and the Plan to Save Them” by Teresa Ghilarducci, he writes: