Newspaper article The Topeka Capital-Journal

Guide to Mobile Banking

Newspaper article The Topeka Capital-Journal

Guide to Mobile Banking

Article excerpt

New technologies are making the convenience of living cash-free a reality. But consumers need to understand the trade-offs of abandoning paper money entirely.

Consumer Reports offers this overview.

- Mobile Wallets

What do they do? Let you pay for purchases at physical retail stores and online.

Noteworthy brands: Android Pay, Apple Pay, PayPal, Samsung Pay.

Cost: No direct fees.

What Consumer Reports likes: Apple Pay is now accepted at 3 million stores in the United States because retailers are equipped with new EMV chip card readers that also have near-field communication (NFC) technology.

- Electronic Toll Tags

What do they do? Let you pay for highway, express lane, bridge and tunnel tolls, as well as parking at some airports. …

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