Jeff's out sick today, so Aunt Jill drops by with a valuable life lesson about privacy and the importance of being kind--that's right, we're actually taking a serious look at Internet privacy today, starting with the Webcam tragedy at Rutgers.
We also discuss Paypal's new iPhone app that lets you deposit checks using the onboard camera, and Jill also answers more of your burning financial questions about the value of Timeshare, establishing good credit after school, and the importance of investing in a 401(k)--listen up!
PayPal's new iPhone app lets people deposit checks just by signing the back and taking a picture of the check using the camera on the phone.
Mobile check depositing isn't new, and chances are you've already seen Chase commercials advertising its similar functionality, but we understand if you're still hesitant to handle finances using your phone.
On the other hand, mobile apps are actually safer than using the desktop version with a scanner and an e-mail address, since cell phones aren't as prone to vicious malware that try to poach your information, and mobile banking still asks for the same precautionary information as a walk-up ATM machine; stuff like PIN number, bank account info, and more.
Don't take our word for it though, the PayPal app for the iPhone will be available in the next few days, so try it for yourself and let us know what you think!
Speaking of online privacy, the next story is about Tyler Clementi, the young Rutgers student who jumped off the George Washington Bridge after his roommate secretly videotaped him "making out with a dude" online. His roommate, 18 year-old Rutgers freshman Dharun Ravi and classmate Molly Wei, were both charged with invasion of privacy for their role in the online distribution of the film and face up to five years in jail. Be sure to tune into this segment for an important lesson from Aunt Jill. The lesson is short: don't be a jerk.
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