Sprint Takes On the Check-Cashers | News & Opinion | PCMag.com: "Check-cashing places and payday loan providers are the bottom-feeders of the financial industry. Serving people too poor, too undocumented, or too mobile to have real bank and credit card accounts, they charge much higher fees for services than traditional banks do.
Sprint's Boost brand is looking to provide an alternative with Boost Mobile Wallet, a new bank-like service based on cell phones launched Tuesday at the CTIA Wireless trade show. It'll take some time to see whether this makes a big difference to the unbanked, but it's a positive step.
With Boost Mobile Wallet, your Boost cell phone account essentially acts as your bank. (Technically, your bank is Sutton Bank, based in Ohio.) You can deposit cash at a Boost retailer or take photos of checks and put them in your account; you can pay bills online, make purchases, or send money abroad using the Ria system from your phone. If you need to make a purchase at a brick-and-mortar store or use an ATM, Boost sends you a Visa debit card. . . ."
Caterpillar launches insanely durable smartphone - May. 22, 2013: "If Caterpillar's smartphone doesn't exactly pack a punch, the B15 can certainly take one: It can withstand water up to a depth of 1 meter, for up to 30 minutes. The screen works perfectly well when it is wet, unlike most smartphones. And the silver anodized aluminum and rubber casing of the B15 protect it from drops of up to six feet."
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