My wife just told me that PayPal has announced that starting Aug 1st they are going to stop offering the bill pay service. How retarded!
Here's another area that I truly do not understand.
I just read an article in Information Weekly that talked about how the banking industry is going to be adding all these new features — check the weather, check stock market, and all these other unrelated features!
They will be able to add these features because they are replacing their ATM's with Windows OS instead of IBM OS/2 based devices that they have been using for years. But what are they talking about doing? Not adding banking features that the public could truly use and that they should be more than capable of adding!
I believe with online banking or at any ATM I should be able to transfer money from any account to any other account regardless of which bank the accounts are with.
I should be able to instantly do an Electronic Funds Transfer (EFT) from any of my personal accounts to the account of any company I owe money to. Cable, Phone, Internet, Gas, Electric, Water, anything! From any ATM, Online, Phone, or any other device that we can STANDARDIZE on!
But alas, why is it that the banking industry and every other industry first tries to come up with these goofy features that nobody really needs? Instead of truly innovating in their own industry?