Consumer Issues
Apple accused of misleading consumers about iPhone storage

Owners of iPhones and iPads with iOS 8 who have quickly run out of storage space may be interested in a new lawsuit filed in California federal court accusing Apple Inc. of deceptive advertising.


The class-action lawsuit, filed earlier this week in the Northern District of California by two Florida residents, alleges that the company falsely states its products as having 8 GB or 16 GB of storage space when in reality they have substantially less once iOS 8 is installed. Worse, says the lawsuit, the company then prompts owners to purchase iCloud storage to get more room:


“Using these sharp business tactics, Defendant gives less storage capacity than advertised, only to offer to sell that capacity in a desperate moment, e.g., when a consumer is trying to record or take photos at a child or grandchild’s recital, basketball game or wedding.”


The $5 million suit says that Apple fails to adequately disclose that the iOS 8 operating system it pre-installs on its devices or allows users to download can “devour” bytes, taking up as much as 23 percent of storage space.


“Upgrading from iOS 7 to iOS 8 will cost a device between 600 MB and 1.3 GB of space — a result that no consumer could reasonably anticipate,” the suit contends.

Read Full Story here


Courtesy :


When a Patient’s Death is Broadcast Without Permission

The ABC television show “NY Med” filmed Mark Chanko’s final moments without the approval of his family. Even though his face was blurred, his wife recognized him. “I saw my husband die before my eyes.”


Anita Chanko could not sleep. At 4 a.m., on an August night in 2012, she settled onto the couch in her Yorkville living room with her dog, Daisy, and her parrot, Elliott, and flipped on the DVR. On came the prior night's episode of " NY Med," the popular real-life medical series set at NewYork-Presbyterian Hospital, starring Dr. Mehmet Oz. Mrs. Chanko, 75, was a fan of the show and others like it.


"It starts off, there's a woman with stomach cancer and her family, and then there's somebody with a problem with their baby, I think it was a heart," she remembered. "And then I see the doctor that treated my husband."


Mark Chanko, her husband, had died 16 months earlier, in April 2011, after being struck by a sanitation truck while crossing a street near his home. The doctors and nurses at NewYork-Presbyterian Hospital/Weill Cornell Medical Center tried in vain to save his life.


On the TV screen, she saw the chief surgery resident Sebastian Schubl, responding to an emergency in which a man is hit by a vehicle.


"And then I see, even with the blurred picture, you could tell it was him," she said. "You could hear his speech pattern. I hear my husband say, 'Does my wife know I'm here?'."


There was no doubt in her mind: The blurred-out man moaning in pain was her husband of almost 46 years, the Korean War veteran she met in a support group for parents without partners.


"I hear them saying his blood pressure is falling. I hear them getting out the paddles and then I hear them saying, 'OK, are you ready to pronounce him?'."


Read full story here




IMPS can transfer money within minutes. Why isn’t it more popular?

For a mobile obsessed country like India, immediate payment service or IMPS could be a boon, provided the policymakers are interested in promoting this solution


The interbank mobile or immediate payment service (IMPS) from National Payments Corporation of India (NPCI) finally appears to be taking wings. Anyone anywhere can use IMPS to make a payment. For example, one can pay the grocery bill to the shop owner through a mobile phone, provided both are registered IMPS users with their respective banks. Similarly, one can pay a taxi fare to the taxi driver, directly through IMPS. Therefore, IMPS paves the way for all kinds of payments through banks, from a mobile handset.


With so many benefits, it is inexplicable that this system is not being pursued and implemented with more focus and dedication. “IMPS is a real time interoperable payment mechanism and warrants a network effect with a higher number of participating members in the ecosystem. The number of members in the ecosystem has only now reached a critical mass to provide for incremental volumes on IMPS. It is noteworthy that IMPS achieved one million a month approved transactions in the month of September 2013, over a span of about three years. However, the growth, thereafter, has been eight fold in the short span of 15 months,” said Ram Rastogi, Head Product Development-IMPS, NUUP & NACH, at NPCI.


With IMPS, you can transfer money to anyone with a mobile and seven-digit Mobile Money Identifier (MMID) number and that too within minutes. IMPS allow customers to make 24x7 instant interbank payments to individuals, or merchants via mobile phone, Internet or ATM. According to RBI guidelines, a customer can transact up to Rs50,000 a day through IMPS, provided he/she is using end-to-end encryption (provided by the bank). Transactions up to Rs1,000 a day can be facilitated by banks without end-to-end encryption.


Although IMPS offers instant payment transfer, due to the high transaction fee (about Rs5) several bank customers are reluctant to use it. In addition, not many bank customers are aware about obtaining a seven digit Mobile Money Identifier (MMID) number required for IMPS. The user also must have her mobile number linked with her bank account to use this facility. This is because, instead of using bank account number, the money is transferred using mobile number (registered and linked with a bank account) and MMID combination. In addition, the user (sender) is also required to use mobile personal identification number (MPIN) to authenticate the transaction.


After keeping low for almost four years since its launch, IMPS volumes in terms of transactions and value have more than doubled since April this year.


According to data from NPCI, as on November, IMPS witnessed 78.11 lakh transactions worth Rs5,415.60 crore compared with 31.67 lakh transactions valued at Rs2,154.23 crore as on March 2014. In pure term of growth, this increase appears quite good, however, IMPS as a medium for payment transaction has a lot to catch up with traditional instruments like cheque payments or new age real time gross settlement system (RTGS) and national electronic funds transfer (NEFT).


“In order to promote Mobile banking in India, NPCI has developed a USSD based mobile banking platform called National Unified USSD platform (NUUP). NUUP is available across all GSM service providers and in multi-lingual format over and above English language, with 10 regional languages including Hindi,” Mr Rastogi told Moneylife.


For 2013-14, RTGS witnessed a volume of 8.11 crore transactions valued at Rs734.25 lakh crore. Similarly total paper clearing, including cheque truncation system, MICR and non-MICR clearing, saw 125 crore transactions worth Rs93.02 lakh crore. Total retail electronic clearing, including ECS, NEFT, IMPS and National Automated Clearing House (NACH) witnessed a volume of 110.83 crore transactions with the value of Rs47.86 lakh crore, says data from the Reserve Bank of India (RBI).


Compared with the huge volumes and transaction amounts, the contribution from IMPS looks miniscule. But with the deep penetration of mobiles, coupled with increased bank accounts, IMPS is bound to grow at exponential volumes, provided it gets due attention from the government and policy makers. At present, the awareness about IMPS is also low amongst several bank customers as well as bank officials.


Mr Rastogi added, “71 member banks currently with NPCI cover all the public sector banks and almost all the private sector banks. These members together cover more than 90 to 95% of the banking customers. However, there is a lot to be desired from member banks in terms of popularizing IMPS to their respective customers.” This will happen in someone can suggest to the Prime Minister to include IMPS in his Digital India initiative.


How to use IMPS?


Registration for Remitter (sender):


•Register yourself with the mobile banking service of the bank.

•Get Mobile Money Identifier (MMID) and MPIN from the bank

•Download software (Application) for mobile banking (ensure the compatibility of mobile with the application) or use the SMS facility in your mobile if your bank provides IMPS on SMS


Registration for Beneficiary (receiver):


• Link your mobile number to the account in the respective bank.

• Get Mobile Money Identifier (MMID) from the bank


For Remitter (To send money):


•Login to the application and select the IMPS menu from the mobile app or use the SMS facility in your mobile if your bank provides IMPS on SMS

•Get Beneficiary Mobile number and MMID

•Enter Beneficiary Mobile number, beneficiary MMID, Amount and your MPIN to send

•Await confirmation SMS for the debit in your account and credit in beneficiary account

•Note the transaction reference number for any future query


To receive money:


•Share your mobile number and MMID with the remitter

•Ask the remitter to send money using your mobile number and MMID

•Check the confirmation SMS for credit to your account from the remitter

•Note the transaction reference number for any future query



Pawan Gupta

2 years ago

I would appreciate if you make it avail with banks, I am customer of ICICI bank where this facility IMPS is not available in Mobile., It takes around 10 business hours to credited in beneficiary bank account.I hope you will understand & try to revert back to me asap.

Chandrashekar Rao Kuthyar

2 years ago

To know your MMID send an SMS "MMID" to these numbers
ALLA - 9248085700
ANDB - 9223173924
UTIB - 9717000002 (Axis Bank)
BARB - 9223173928
MAHB - 9975494909
BKID - 9810558585
CBIN - 9967533228
CORP - 9243717778
BKDN - 9223175152 (Dena Bank)
ICIC - 9222208888
IBKL - 5676777 (IDBI Bank)
IOBA - 9551099007
VYSA - 5607099
KKBK - 9971056767
ORBC - 9223173923
PUNB - 5607040
SBHY - 9223440000 (MMID SBH)
SBIN - 9223440000 (MMID SBI)
SBMY - 9223440000 (MMID SBM)
STBP - 9223440000 (MMID SBP)
SBTR - 9223440000 (MMID SBT)
SYNB - 9223175501
UCBA - 56161
UBIN - 9223173921
UTBI - 9223173933
VIJB - 9223173922
Any errors or feedback may be sent to [email protected]


2 years ago

Obtaining MMID is not mandatory for receiving funds. Through IMPS, the sender can input the account no and IFSC code of the beneficiary and send the money. Thus sending money to aged parents can be done this way since they will not understand MMID. As per the new cheque books (CTS-2010), both account no and IFSC codes are printed on the face of the cheques and can easily be intimated to the sender

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)