Japanese consumers can pay for vending-machine Cokes with their cell phones. Now Americans can make slightly larger payments with their Apple iPhones.
Mercedes-Benz Financial has introduced a software application that lets vehicle owners make their payments, check how much of their loan has been paid, and shop for insurance on their iPhones.
The free application--"app," in iPhone lingo--also can locate a nearby dealer and contact a service department.
The lender says it is the first financial services company to launch such an app, which it is billing as, "The coolest way to make a payment."
(Source: Automotive News)