Thursday, June 19, 2014

Anti-Banking Company Simple Just Made It Way Faster To Transfer Money Between Accounts

Source: http://www.businessinsider.com/simple-improved-transfer-time-2014-6

Simple

There are more pain points with conventional banking than can be reasonably discussed, but retail bank Simple has set out to kill as many of them as possible. The company's latest improvement is drastically reduced transfer times between bank accounts.

Where it used to take four days to move funds from an external account into Simple (or nearly any other bank), it now only takes one day. Moving money from your Simple account to an external one used to take five days, and now it's down to three. The nightly cutoff for taking advantage of this speedier service is 10 p.m. ET — make your transfers before then each day!

From the company's blog post regarding the update:

Some banks charge a fee for transferring your money to external accounts, and only offer accelerated transfers at a premium. Today, Bank of America and Wells Fargo, for example, charge $3 to move your money to another bank. If you want that money to arrive the next business day, the fee shoots up to $10 per transfer. Note that it costs banks less than a cent to send an ACH transfer.

We don’t believe in unnecessary fees. External transfers to and from Simple will remain free for customers.

Free, faster bank transfers sound pretty agreeable to us.

Screen Shot 2014 06 19 at 12.46.32 PM

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Teenager builds browser plugin to show you where politicians get their funding

Source: http://www.engadget.com/2014/06/19/greenhouse-nicholas-rubin/

The murky world of lobby groups bankrolling politicians is garnering more attention, but is there a way to find out which representatives are in the pocket without a lot of tedious research? A 16-year-old programmer has developed a browser plugin that, when you mouse-over the name of a US lawmaker, will serve up a list of which parties have donated to their campaign funds, and the quantities. Greenhouse (geddit?) is currently available for Chrome and Safari, with Firefox coming at some point in the future -- although our lawyers have (probably) asked us to point out that the data is from the 2012 elections, so they may not be entirely up to date.

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Via: Represent.Us

Source: Greenhouse

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After This Audio Illusion, You'll Never Trust Your Ears Again

Source: http://gizmodo.com/this-audio-illusion-will-make-you-never-trust-your-ears-1593113324

After This Audio Illusion, You'll Never Trust Your Ears Again

It might be a little too early in the morning to have your mind blown, but this audio illusion is worth your time because it demonstrates your brain's uncanny ability to use new information to help process something that is otherwise incomprehensible.

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How Amazon's Fire Phone Cameras Know Where Your Face Is Even at Night

Source: http://gizmodo.com/how-amazons-fire-phone-cameras-know-where-your-face-is-1592859925

How Amazon's Fire Phone Cameras Know Where Your Face Is Even at Night

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FCC report checks if your internet speed lives up to the ads, and why that's not fast enough

Source: http://www.engadget.com/2014/06/19/fcc-broadband-america-report/

Operations During US Internet Fiber Optic Cable Installations

Since 2011 the FCC has collected data on the wired (there's a separate report for wireless) broadband speeds US residents are actually receiving to release in its Measuring Broadband America report, and now the most recent one is here. First, the good news -- based on its data (collected from "Whitebox" devices sent to around 10,000 participants that performed automated tests during September 2013), most ISPs were meeting or exceeding their advertised speeds even during peak hours. Four that couldn't deliver 90 percent or more of their advertised rate during peak hours included Verizon, Frontier, Qwest and Windstream -- all of which can expect a letter from the FCC asking why not, for whatever good that will do. So if ISPs are delivering 101 percent of advertised speeds, why are users still seeing buffering notifications and experiencing slowdowns?

[Image credit: Bloomberg via Getty Images]

There are a few reasons (not including the shameful state of U.S. broadband former commissioner Mike Copps called out in recent comments), and one that it looked closely at is consistency. The way the FCC's report measures that, is by showing how many of the service's customers get a certain percentage of the advertised speed, a certain percentage of the time. With the bar placed at 80 percent of the customers, 80 percent of the time, the only services pushing higher-than-advertised download speeds were Verizon FiOS and Cablevision. Another issue is that DSL lagged behind cable, fiber and even satellite in being able to meet its advertised speeds -- averaging 91 percent of the promised download speeds during peak periods, as compared to 102 percent for cable.

Of course, as everyone has recently become familiar with, another issue is apparent slowdowns at "certain interconnection points" during the test period. The FCC didn't include that info in this report, but says it will have new tests ready to measure the impact of network congestion by the testing period planned for later this year. It's working with services like Netflix, YouTube and Hulu to analyze the data, and previously announced it was looking into the interconnection deals between Netflix and Comcast/Verizon. In a separate blog post, the FCC specifically called out drops in broadband performance during times when internet middleman Cogent was having its disputes, and says it will release the raw data it collected.

Also, data on interconnection congestion will be made public, & @FCC will work w. Netflix, Hulu & others 2 further analyze.

- Gigi Sohn (@GigiBSohnFCC) June 18, 2014

The million dollar question(s) however, are how this report will play into the commission's actions on net neutrality, peering agreements and proposed mergers by communications giants. If DSL doesn't measure up as a competitor to cable, does this mean the Time Warner Cable / Comcast deal shouldn't go through, but maybe AT&T / DirecTV should? And who exactly is telling the truth between Netflix and the ISPs? The FCC is receiving more scrutiny than ever about its handling of all of the above -- if you need some supporting info for your comments, just hit this link.

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Source: Measuring Broadband America 2014, Internet Traffic Exchange, FCC (1), (2) (PDF)

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