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Wells Fargo Launching "Virtual" Safe Deposit Boxes Online

Wells Fargo Launching vSafe Digital Safe Deposit Box

Wells Fargo bank is prepping to launch a new service called vSafe, which will essentially act as a "virtual" (i.e. non-physical) digital safe deposit box. Instead of storing heirlooms, cash, or jewelery, the "virtual" safe is designed to store digital records or copies of records, such as birth certificates or wills.

Wells Fargo will be facing an uphill battle, though. The bank plans to charge $4.95 a month for 1-gigabyte (GB) of storage, $9.95 for 3-gigabytes, and $14.95 for 6-gigabytes. Though the bank will extend the same encryption and security measures it uses for it online banking for vSafe -- translation: guaranteed secure connections that keep you safe from hackers, and powerful encryption that scrambles any data stored or entered on the site -- it isn't giving too many other details on why its service is better than the already copious amount of storage offered for free by the likes of Microsoft and AOL.

Wells Fargo is hoping that its long history and first to market status in the new digital safe deposit box field will bring it a new source of revenue. However, we don't see a very large market for the new service. Free storage or otherwise, online storage ultimately isn't all that secure, even behind a bank's security system.

From Newsvine

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Computers, Google, E-Mail Addiction

Google Offers 250 Gigs of Storage for $500

Google Announces Storage Prices For Online Apps
When Yahoo decided to offer unlimited free storage with Yahoo Mail, we all figured it was only a matter of time before Google offered the same... well, Google has put the kibosh on that idea. The search giant has unveiled its new pay-for-storage system that will increase your limits on Gmail, Picasa, and, soon, Google Docs & Spreadsheets. Don't worry, though, since prices look to be reasonable.

Currently Gmail gives you just shy of three-gigabytes (3GB) of storage, while Picasa offers just one-gigabyte (1GB). For $20 a year, you can bump that combined storage up to six-gigabytes (6GB). For people who need even more storage, the options include 25GB ($75), 100GB ($250), and 250GB ($500).

Google has not announced plans to allow storage outside of the aforementioned apps, but rumors surrounding a Gdrive refuse to die. It could integrate nicely with the previously mentioned gBox, if and when Google decides to snatch up the new company.

From Newsvine and The Official Google Blog

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