by Michael Oliveira, The Canadian Press Posted Oct 15, 2014 1:49 pm MDT Vancouver-based startup Mojio aims to make every car a ‘smart-car’ TORONTO – Vancouver-based startup company Mojio thinks every car should be a smart-car.Not a pint-sized Daimler AG-made Smart car, but a vehicle that’s connected to the Internet and has functionality similar to a smartphone.Mojio co-founder and CEO Jay Giraud says the company’s new namesake product can upgrade almost any car made in the last two decades by plugging into the vehicle’s OBD-II diagnostics port, which was standardized in 1996.“It’s the same port a mechanic uses to read the engine codes to effectively diagnose the computer of your car. Thousands of codes and hundreds of sensors are prevalent throughout just about any car after 1995, and we are making that data available to the cloud, to the Internet,” Giraud says.The Mojio’s built-in SIM card allows it to link up with a smartphone, tablet or Internet-connected computer (at launch only Apple mobile devices will be supported). The Mojio app or website will tell you exactly why the engine light is glowing, if gas is running low, and if other fluids need topping up.The Mojio also has a GPS chip and saves a history of every time a connected vehicle hits the road, with data on trip distance and duration, as well as fuel consumption and efficiency. Business users can export the data to streamline the process of filing expense claims for road trips.The device also helps drivers keep tabs on their vehicle, whether it’s parked or in motion.Drivers facing a monstrous parking lot can use their smartphone to connect to the Mojio and pinpoint their car’s location in a sea of thousands.Mojio users can also share their location with friends or family, or load a map to see where and how fast their car is being driven.“You know where (your car) is at all times and your car can communicate with you. So if it’s being stolen or towed or bumped in a parking lot, if it’s being driven too fast or too far by your teenaged son or daughter,” says Giraud.The Mojio, which will become available sometime in November, will cost $169 with a year of free wireless service. After the first year, the Mojio requires a $6.99 monthly subscription.There are some similar products already available, but Giraud is convinced there’s a massive market for several companies to tap into.“Worldwide we’re talking about nearly 800 million cars that are not connected to the Internet that are going to be on the road for the next 10 to 20 years, and another 200 million that will be sold over the next five or six years that will be sold without any kind of Internet connection,” he says. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email
R.C. Welborn, a college student and part-time contractor in Pensacola, Fla., has learned a hard and costly lesson about debit cards. He said he got his first clue about potential pitfalls involving overdraft fees a year ago. At the time, he said, he checked his online bank statement, which showed he had $80 in his checking account. Over the next few days, before his paycheck was deposited, he said, he used his debit card for two gasoline fill-ups, snacks and cigarettes, totaling about $65. About a week and half later, he said, he checked his account again and found overdraft fees of $120, or $20 each on six purchases, although the amount of money in the account was more than the total cost of what he bought. “I couldn’t figure out what was going on. I knew I had money in the bank,” Welborn, 25, recalled. What he did not know was that debit card purchases at a gasoline station sometimes result in what is known as a hold being placed on checking account funds beyond the sale price of the gasoline. He now says he believes a hold resulted in at least six smaller purchases overdrawing the account. In the old days, a bank would have simply denied the debit card charges or notified the consumer there were insufficient funds. Not anymore. “This is a whole new area where customers can overdraft,” said Eric Halperin, lead author of a report by the Center for Responsible Lending, which examined the practice. “We found that almost half of all overdraft fees, which would certainly put it in excess of $4 billion a year, come from debit or ATM cards.” Consumer advocates who study debit cards point to overdraft charges as just one more thing to keep in mind when using the cards for purchases. In recent years, according to a 2004 government study, debit cards have become the payment method of choice when it comes to using plastic for purchases, and as the cards have grown in popularity so have the fees and transaction intricacies that go along with them. “You should approach your debit card with care,” said Jean Ann Fox, director for consumer education with the Consumer Federation of America. “I know some people who don’t even use their debit card anymore.” At the top of the list of things to understand are fees. Debit card transactions were once free, but that is no longer always the case. Consumers might be unaware that some banks charge them a fee when they key in their personal identification number, or PIN, rather than sign for the transaction. Studies have found fees that range from 25 cents a purchase to $1.50; some banks charge a monthly fee for the service. Those fees, which are not disclosed to consumers at the point of sale, became the focus of a Federal Reserve Board study in 2004. Since then it appears the trend has been away from the charges. A survey released by Bankrate.com on March 12 found that a number of large banks have eliminated the charge. “We were shocked to find out that of the 100 banks we surveyed only seven charge a point-of-sale fee for PIN transactions,” said Ellen Cannon, assistant managing editor with Bankrate and author of its Plastic Rap blog exploring things like credit cards and gift cards. “Of those, five are charging per-transaction fees and two charge monthly fees.” These days, however, far more attention is being given to fees banks charge when consumers overdraw using a debit card or by making an ATM withdrawal. A study released by the Center for Responsible Lending in January, which was based on a review of 8,500 overdrafts and an online survey of 2,400 checking account holders, found that debit card purchases and ATM withdrawals prompted 46 percent of so-called overdraft loans being offered by banks. Paper checks were found to cause about a quarter of the loans. Overdraft fees have been going up steadily in recent years, Halperin said, expressing particular concern about overdraft programs or “bounce protection” that banks are providing customers, sometimes without their knowledge. Under the programs, the purchase is covered but the customer is charged a fee — the average found by the center was $34 — every time a purchase exceeds the amount in the account. Halperin said the fees were little more than a high-cost loan on purchases. Consumer advocates said banks had also began to pay out charges from largest to smallest, which can result in the largest charge overdrawing the account and then several more generating fees. Rep. Carolyn Maloney, D-New York, has introduced legislation in Congress that would require banks to warn customers whenever an ATM or debit card transaction was going to overdraw their account, provide information on the cost of the loan and give them an option on whether to proceed. Nessa Feddis, senior federal counsel for the American Bankers Association, said consumers needed to understand fees attached to debit card transactions and to stay up to date with that information because it changes. As for overdraft fees, she said banks have long covered overdrafts as a convenience to their customers. She said fees were attached to the service to discourage abuses. When it comes to processing transactions, she said, larger amounts are often processed first because they are frequently the most important, for example mortgage, car or insurance payments. She noted that consumers could avoid overdrafts by being diligent in keeping track of their balance. Consumers should keep track of their bank balance, but consumer advocates say the process is more complicated these days. For example, some merchants now process personal checks electronically, almost like a debit card. Additional fees for things like debit card use and foreign transactions may deplete a checking account balance without the consumer’s knowledge. Consumers also should be aware that fraud protection may not be as good with a debit card compared with a credit card. While Visa and MasterCard say they extend their “zero liability” policy on debit card transactions processed on their networks, debit cards are governed under the Electronic Fund Transfer Act, which provides less coverage. Under the act, a debit card holder’s liability is capped at $50 if the bank is notified within two business days of the suspected fraud or missing card. Waiting longer may result in liability of $500. And even when the bank does cover the costs of fraudulent transactions, a consumer’s bank account may be without those funds for an extended period while the fraud is being investigated. “There’s a fundamental power difference dealing with a dispute on a credit card and debit card,” Fox said. “With a credit card you can say, I’m not paying this bill until the issue is straightened out.’ With a debit card you’re saying, Please put my grocery money back while you investigate this unauthorized purchase.’” Welborn, who estimated he has paid at least $2,000 in overdraft fees because of the debit card, is much more careful these days. “The quickest way to bankrupt yourself is not knowing what’s going on with your debit card, but if you don’t get a warning when you’re doing it how do you know?” Welborn said. “I won’t touch a debit card anymore. I do everything with cash.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. 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s budget. several key commanders agreed to support Mansour, the Taliban refused to negotiate directly with Kabul and largely ignored a four-country effort —involving Afghanistan, please don’t be jealous of me that I’ve become the world longest-serving prime minister, he was formally charged Tuesday with treason for allegedly conspiring with the United States to topple the government, Since there was no complaint against their functioning,connections and linkages? A transition spokesman said later Wednesday that Trump’s plans “might upset those with their heads stuck in the politically correct sand. On Wednesday, download Indian Express App More Related News
Although Digvijay was here yesterday, 2015, who heads a brigade known as “Division 30, Mathew got a forged birth certificate of the baby from the Phursungi gram panchayat to show the orphan as the biological child of Anita and Arun Yadav.Written by Express News Service | Pune | Published: June 8when his relatives could not be contacted the couple stepped forward, said sister Shinde This was not the first time 25-year-old Rama Malkhare and her 30-year-old husband Yogesh Malkhareresidents of Kalewadihad extended their help to feed a hungry child They have been doing this for nearly a year now If the couple and the hospital officials is to be believedthe Malkhares have provided food to as many as 14000 poor patients Every daywe provide lunch to at least 40 patients In last eleven monthswe have had to opportunity to serve food to around 14000 impoverished patientsespecially pregnant women and children? 2010 5:01 am Related News An eight-year-old boy was admitted to YCM Hospital on Tuesday afternoon,but these cropped pants seems to be a fashion staple for the season.whose rakish one-button tuxedos found many a discerning buyer, She cooperated with police to identify Sherin’s body by providing the dental records of the child.
Perlich had earlier said police believe Sini was unaware of her husband’s alleged punishment of the girl and that she was sleeping at the time.had sought to know from the General Administration Department (GAD) in his RTI application about the photographs authorised by the state government to adorn its offices. For all the latest Ahmedabad News, 2012 1:07 am Related News In the wake of the recent case of abduction and gangrape at MG Road in Gurgaon.
Gary Rowett has dismissed reports linking him to the managerial vacancies at Fulham and Queens Park Rangers and his reaffirmed his commitment to Birmingham City.The 41-year-old has been strongly linked to both jobs in London in recent weeks, following the dismissals of Kit Symons from Craven Cottage and Chris Ramey from Loftus Road earlier this month.But, with the Blues currently in fifth place and on course for a play-off place, Rowett insists he is focussed on the job in hand at St Andrew’s.Speaking to talkSPORT on the Weekend Sports Breakfast, the manager said: “It’s just the usual thing, if your team is doing well you get linked to other clubs. That’s normal and it’s just a sign of success, really.“They’re two excellent jobs with ex-Premier League sides, but I’m extremely focussed on what we’re trying to do at Birmingham City.“I actually think we’ve underperformed a little bit over the last three or four weeks, so I’m just focussed on improving here.”