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April 16, 2013

Text, talk and deposit with your smartphone

IphoneYou can order pizza, shop and do your banking right from the convenience of your home computer.

But what about depositing cheques into your bank account with your mobile device?

Well, select credit unions across Canada are launching a new mobile app that lets you do just that.

All you have to do, they say, is tap, snap and send.

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April 08, 2013

Celebrity names increasingly powerful lures for scammers: report

Just like the music charts, celebrity names pop in and out of favour. Scammers know this, which is why they use the top names as lures for malware scams and identity theft.

Famous names are used for a whole host of tricks, from people actually posing as celebrities to bogus endorsements of products and events, says Scambusters.  

One of the most prevasive stunts is to use the name of a well-known figure in emails or messages on social media like Facebook and Twitter to lure victims into clicking an attachment or a link that downloads malware onto their PCs.

However, it turns out that not all celebs are equal when it comes to the popularity of their names as bait for click tricking. And, like celebrity status itself, the names change over time.

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March 20, 2013

Beware of testimonial and subscription scams

If it sounds too good to be true -- it probably is.

The Competition Bureau wants consumers to be aware of scams as part of its 2 Good 2 Be True campaign during Fraud Prevention Month in March.

Among the various scams out there, the Competition Bureau wants consumers to recognize false online testimonials and subscription traps on mobile devices.

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January 11, 2013

Facebook tests charging $100 for messages to users you don't know

One of the reasons for the great Facebook IPO flop of 2012 was investors' fears that the social network couldn't monetize its user base.

What good is a billion members, the thinking went, if you can't get a buck from them? Ad revenue can only go so far.

So Facebook has done some experimenting, and late last year, under much of the media radar, the social network unveiled a modest way to pry money from its users: charging $1 to private message anyone that wasn't on your friend list.

At the time, nobody noticed a $1 fee for a service they'd rarely use, but what will people say if that charge is boosted up to $100 per message?

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December 03, 2012

Have you used Airbnb to rent out rooms in your home?

Would you rent out rooms in your home? Toronto's Lisa Marion has. She's been using Airbnb, a popular site that streamlines the process of renting out extra bedrooms for short-term home and apartment stays.

1361655_modern_apartments_2What's not to like? Avoid high hotel rates, get to stay in neighborhoods where there probably aren’t hotels at all and connect with plugged-in local hosts as well. Plus, the best listings will have plenty of photos and reviews from other users.

Ask someone who lives in a condo building how happy they'd be if their neighbour was using Airbnb a few days a week though.

At the best of times, the landlord-tenant relationship can be tricky. But when you're then subletting the  same space, it becomes even more complex -- particularly when you find you're actually breaking the law

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August 06, 2012

Should you be worried about online privacy?

City of Ottawa pension recipients are worried about their privacy after a computer hard drive containing some personal information was stolen from the pension plan’s actuary.

But identity thieves don't actually need a hard drive to set up shop. They just need access. And you may have already opened that door.

Wondering just what personal information you may have left behind somewhere?

Have a look at NotInMyBackyardDiggity, a new tool designed to swiftly crawl popular websites, including Twitter and YouTube, and locate caches of data that might include your sensitive information.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...