loans & lending

What about the insurance?

0 comments on this article Posted by admin in loans & lending on April 12th, 2011 , tagged with , .

Am I covered?

L4L comes with its own custom insurance policy, firstly you can only use the software if you are on contract and have registered to the database, this matches your name against your phone provider and confirms you are the owner. The second security measure is your pin code, this code will be registered with you on the site and is a random collection of 100 keywords identified and unlocked only by your fingerprint being recognised on your phone. The app comes with a finger print recognition software which will then give you access to which pin code is live at that time.

What am I covered for?

L4L Insurance essentially covers you much in the same way as a typical insurance policy would, it covers your payments, your phone and your pin code with insurance. The cover means that if you phone is stolen that the person will not be able to use it to pay for anything because of the fingerprint recognition and also could not unlock the phone due to not knowing which of the passwords you are currently being randomly fed that day.

What is L4L?

0 comments on this article Posted by admin in loans & lending on April 12th, 2011 , tagged with , , , .

The new way to bank

L4L is a virtual bank account of sorts, you can pay for things using your phone, interact with all of your bank accounts, transfer money, set up credit and apply for loans, overdrafts and insurance on the move at any time of the day anywhere in the world.

How do you pay?

Loans4Lending is essentially an app that you download to your phone and synchronize with your online banking accounts, this then enables you to have full control over all of your accounts in one place. The added extras to L4L is based around paying for things using your phones, simply use it like a pin code on a card, give the mobile number to the seller and verify your pin code much like a credit card, then all payments will be taken out of your phone bill at the end of the month. This has many advantages from conventional credit cards and standard way of purchasing goods, its one less thing to carry, everyone knows their phone number and it is secure as the number will have to match the database of names attached to your phone contract.