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For Google, the race to control the mobile repayments industry is proving to be quite costly. Although hundreds of millions of dollars were spent to purchase digital startups to complement Google Wallet, there’s little to reveal for it.
- Some stores in SoHo are revolutionizing the method customers shop in the future. One company turned its storefront into a reliable display room that does not make use of storage space. Rather, customers see product in the shop and acquisitions are processed online. Couriers provide goods within one hour to Manhattan or Brooklyn.
- On Tuesday, Incredible Bank will begin charging a $15 regular monthly fee for its interest examining account. The cost can be waived with an average collected balance of $300 or a an ordinary collected balance of $5,000 throughout all Incredible deposit accounts. The Incredible Bank inspecting account currently pays 0.71 % APY on balances of less than $250,000.
- Saturday marks two weeks prior to the end of the second quarter of 2013, which means numerous cash back charge card users will be able to start registering for next quarter’s perk cash back classifications (if their cards provide such a program). It’s also a reminder that such credit card individuals must benefit from the present perk cash back groups before they end.
- Google has actually spent $300 million in acquisitions to develop its mobile pocketbook application but it’s less than 10 million users after 2 years on the market, according to Bloomberg. The tech giant never revealed just how much it spend for Google Wallet. Even without the specific numbers from Google, the mobile repayments sector currently recognizes battles that Google Pocketbook is dealing with.
- The upcoming Sunday is Dad’s Day. According to study by the National Retail Federation, the typical individual strategies to spend $119.84 on dad’s gifts this year, up from $117.14 in 2012. The total spending to celebrate Dad’s Day is projected to be $13.3 billion. With simply a week left to reveal that you love father simply as much as mom, what’re you getting as a present?
Google Wallet Has a Hole In It: 5 Conditions to Know for the Week