Technology
Gaana: A Giant Storehouse of Bollywood Songs

For all you Bollywood song freaks, Gaana.com is a treat! It’s a giant repertoire of Bollywood songs, searchable by artist, song, album, playlist and radio. You can create your own playlists of your favourite songs / albums or artists. Once you start playing, you can keep it on, in the background and continue doing what you were doing. You can even share what you are hearing, live on Facebook, so that your friends know what you are currently enjoying. You can also view what your friends’ favourites are. You have an option for radio hits too which you can switch on and which will play without any breaks or ads. There is a free app to download on your mobile and you can carry your music wherever you go. If you enjoy Bollywood music, you will enjoy Gaana.com! http://goo.gl/OuaEdq

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Samsung sued after Note 7 exploded in man's pocket in US
Adding to Samsung's woes over Galaxy Note 7, a man from Florida has sued the south Korean company after a Note 7 device exploded in his pocket while at work in Palm Beach Gardens.
 
Jonathan Strobel suffered severe and "deep second-degree burns" on his right thigh and thumb when the phone exploded, palmbeachpost.com reported on Monday.
 
The lawsuit has asked for $15,000 in compensatory damages from Samsung.
 
Strobel later received an email from the company, requesting him to surrender Note 7.
 
"Samsung is a big corporation and they control the information that's put out. They obviously knew what was wrong (with the phone). Unfortunately for Strobel, it was too late for the mandatory recall, Strobel's lawyer was quoted as saying.
 
The US government has officially recalled the Samsung Galaxy Note 7 smartphones after dozens of reported cases in which batteries exploded or caught fire.
 
The US Consumer Product Safety Commission said in a recall notice that the move will include about one million units of Note 7 that were sold prior to September 15.
 
"Consumers should immediately stop using and power down the recalled Galaxy Note 7 devices purchased before September 15, 2016, " the notice said.
 
"Contact the wireless carrier, retail outlet or Samsung.com where you purchased your device to receive free of charge a new Galaxy Note 7 with a different battery, a refund or a new replacement device," it added.
 
Samsung has received 92 reports of the batteries overheating in the US, including 26 reports of burns and 55 reports of property damage, including fires in cars and a garage.
 
On September 8, a man's Jeep caught fire in St Petersburg as he charged the phone in the vehicle.
 
The US Federal Aviation Administration has also issued a warning, asking airplane passengers to not use or charge their Galaxy Note7 devices on planes.
 
Globally, the South Korean company has sold about 2.5 million units of Note 7 since the device was officially released in August.
 
Samsung said last week that it will launch media advertisements to apologise for the "discomfort and concern" caused due to the ongoing global recall of its Galaxy Note 7 smartphones.
 
The world's largest smartphone maker said it will soon run an advertisement in major media outlets to offer an apology for causing discomfort and concern to its customers due to faulty batteries in some Note 7 smartphones.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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How Can You Benefit from UPI?
National Payments Corporation of India (NPCI) has launched a new payment solution which actually is a much improved way, in terms of ease of use, over the previous one, IMPS (Immediate Payment Service). This new solution, unified payments interface (UPI), allows customers to use virtual payment addresses, like myname@abcbank, as payment identifier for sending and collecting money. This UPI works on a single click, two-factor authentication. Two factors that work in favour of UPI are: 1) an option to push or pull financial transaction on schedule; and 2) linking it with only a bank account. The linking of UPI to a bank account, without revealing account details, should eliminate security concerns, largely. 
 
How It Works
First, as a user, you need to register with your payment service-provider (PSP) and create a virtual payment address (VPA), before sending or receiving funds using UPI and link it to your account. Also, remember, this UPI can be linked only with a bank account and not to a wallet. Money can be transferred either by using VPA or the bank account number and Indian Financial System Code (IFSC). For transactions using VPA, the fund receiver also needs to have a VPA or account number and IFSC. 
 
 
The various channels for transferring funds using UPI are:
1. Transfer through virtual ID;
2. Account number + IFSC;
3. Collect / Pull money based on virtual ID (VPA).
 
 
UPI also provides an option for scheduling push & pull transactions for various purposes like sharing bills among peers. One can use the UPI app instead of paying cash on delivery on receipt of product from online shopping websites. It can also be used for miscellaneous expenses, like paying utility bills, over-the-counter payments, barcode (scan and pay)-based payments, donations, school fees and other such cases.      
 
The interface is an advanced version of Immediate Payment Service (IMPS), which is a 24X7 funds transfer service. UPI allows a customer to have multiple virtual addresses for multiple accounts in various banks. 
 
Security
To ensure privacy of customer’s data, there is no account number mapper anywhere other than with the customer’s own bank. This allows the customer to freely share the financial address with others. A customer can also decide to use the mobile number as the name instead of the short name for the virtual address like [email protected]
 
The VPA acts as a financial address without having to reveal the bank account number and IFSC code. Once registered for VPA, users can send and receive payments instantly from any bank account using their mobile phone in a safe and secure way. They will also be able to make payments to merchants from their mobile phones where UPI is accepted as a payment mode.
 
How Much Money Can Be Transferred?
Users can make payments with UPI 24x7 on all days, including bank holidays, up to a maximum of Rs1 lakh. At present, 21 banks are on board with NPCI for the UPI application. In addition, this app is available only on Android-based mobile phones. 
 
Here are the names of banks and their official app (available on Google Play):
Federal Bank (Lotza), Bank of Maharashtra (Maha UPI), TJSB Bank (TRANZAPP-UPI), Karnataka Bank (KBL SMARTZ (UPI)), DCB Bank (DCB Bank UPI App), Union Bank of India (Union Bank UPI App), Vijaya Bank (VIJAYA UPI), United Bank of India (UNITED UPI), Punjab National Bank (PNB UPI), Axis Bank (Axis Pay), South Indian Bank (SIB M-Pay (UPI Pay)), Catholic Syrian Bank (CSB-UPI), ICICI Bank (Pockets), Andhra Bank (Andhra ONE), UCO Bank (UCO-UPI), YES Bank and Canara Bank (Empower). 

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COMMENTS

Simple Indian

1 year ago

Surprising, or rather unsurprising that India's largest Bank - SBI - is yet to offer this service !!! But, if this does work seemlessly, I wish Banks would offer RuPay Cards to customers instead of MasterCard / VISA Cards, as RuPay Cards will be managed / authenticated by NPCI and transaction costs could be much less than MC/VISA.

Anand Vaidya

1 year ago

What are the charges?

Pradeep Kumar M Sreedharan

1 year ago

One more step closer to saving our sanity in dealing with banks. Hope it works without hitches. But unless it is integrated with with money managing software for individuals, we are still far behind in utility for the users.

Pradeep Kumar M Sreedharan

1 year ago

One more step closer to saving our sanity in dealing with banks. Hope it works without hitches. But unless it is integrated with with money managing software for individuals, we are still far behind in utility for the users.

SRINIVAS SHENOY

1 year ago

What do you think?... Write your comments. Technology has indeed made it easy and convenient especially for the young and technically savy customers. But our old services like return of unpaid clearing cheques, to the customers, now has suffered a setback, compared to the service available just a few years back. This too has to be kept on par with the recent technological advances.

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