Wednesday, 23 March 2011

VeriFone Uses Facebook to Bash Square

Payments vendor VeriFone has geared up its attack on Square, by introducing a sponsored advertisement on Facebook declaring: "Be Secure. Not Square. Trade in your Square credit card reader for a free, SECURE device from VeriFone. Free trade-in offer!"

The advertisement was spotted by LikeDeal founder Raul Alvarez who tweeted a picture to FourSquare business developer Tristan Walker along with the message: "Wow @tristanwalker VeriFone is playing nasty with Facebook ads!"

VeriFone caused a storm earlier this month when its CEO Douglas Bergeron posted an open letter and video slamming Square, accusing it of "serious security flaws" that put "consumers in dire risk". His firm even built an application to show how Jack Dorsey's Square could be turned into a skimming device.

Sprint and Google Teamed Up for Smartphone and Google Voice

US wireless carrier Sprint has partnered with Google to introduce a version of the Nexus S that will arrive sometime this spring with 4G capability and Google Voice service. The partnership will offer a new telephony web service which will let users to attach a single number to multiple phones, turn their voicemail messages into emails and make free domestic calls in addition to free texts messages. Dialling international numbers will become cheaper with the introduction of the service.

Manufactured by Samsung Telecommunications America (Samsung Mobile), Nexus S 4G comes packed with a pure Google experience using Android 2.3 - Gingerbread, the fastest version of Android available for smartphones. It is powered by a 1GHz Samsung application processor that produces rich 3D-like graphics, faster upload and download times and supports HD-like multimedia content along with a dedicated Graphics Processing Unit (GPU) to make playing mobile games, browsing the web and watching videos a fast, fluid and smooth experience.

The Nexus S 4G model features a 4-inch Super AMOLED Contour Display, a front-facing VGA camera for video calling and 16GB of internal memory. In addition, the Nexus S 4G will have NFC technology. The smartphone can act as a 3G or 4G Wi-Fi hotspot for a maximum of 6 devices.

Intel's Atom Chief Resigns

Anand Chandrasekher, senior vice president and general manager of Intel's Ultra Mobility Group, has left the company. In a one paragraph statement issued on Intel's Chip Shot PR blog, the company said that Chandrasekher is leaving Intel to "pursue other interests".

The statement said that Mike Bell and Dave Whalen, who are both vice presidents in the Intel Architecture Group that designs and makes its PC and server processors and chipsets, will co-manage the Ultra Mobility Group.

Ultra Mobility Group is primarily involved in making the Atom processors, used in netbooks and some low-powered servers. Intel has launched variants of the Atoms for smartphones and believes in taking on ARM-based designs, which dominates the smartphone sector.

ACS introduces ACR122L VisualVantage NFC Reader

Advanced Card Systems Ltd. (ACS) introduces its first LCD-equipped NFC reader-the ACR122L VisualVantage, which features a wide range of interfacing options for many contactless applications.

Barriers caused by the lack of infrastructure supporting NFC have nearly been removed, in view of the release of innovative products like NFC phones from leading handset developers, looming to unlock the boundless possibilities NFC applications offer. With a number of NFC commercial roll outs now in full swing, including the major European NFC city pilot in France that began in May last year, the promising outlook on the wide acceptance for NFC technology across the globe is finally coming to fruition. In response to this optimistic development, ACS has developed and launched commercially its new ACR122L with LCD specifically for e-payment applications with NFC phones or other NFC devices.

ACR122L was developed based on the ISO 14443 RFID and ISO 18092 NFC technologies, and supports ISO 14443 Type A and B cards, Mifare cards, FeliCa card, other NFC tags, and all three NFC modes, namely, reader/writer, card emulation and peer-to-peer. With its anti-collision and selective card polling features, it ensures smooth contactless operations by only communicating with the correct card, even when multiple cards are presented. It also has 3 ISO 7816-compliant SAM slots for enhanced security. Furthermore, besides its 2-line graphic LCD, the ACR122L also features multiple language support, 4 LEDs and buzzer capabilities, fully demonstrating its versatile interfacing options.

ACR122L comes with a Software Development Kit (SDK) to facilitate development of various applications, including applications for payments, customer loyalty programs, public transportation, and network and physical access control. The SDK includes sample codes, tools and utilities, and application demos simulating payment and loyalty applications.

Facebook Creates New Payments Unit

Social networking giant Facebook has set up a payments subsidiary, registering it in various US states. Facebook has already introduced its own virtual currency - Facebook Credits, in a bid to tap the fast growing social gaming market.

Earlier this year, the social networking giant outlined plans to force all social game developers to use Facebook Credits for payment processing, opening up a massive potential revenue stream. In a move spotted by Digital Transactions, the company also moved to incorporate a subsidiary in Florida in December 2010 called Facebook Payments Inc.

To John France, 44 Years is a Long Time to Wait for Convenience

At the 19th annual International Payments Summit, John France, UK managing director of eWise payo, will speak on the theme of "44 Years is a long time to wait for convenience".

In January 2011, the company launched eWise payo, the first and only bank inclusive UK Online Banking ePayments (OBeP) solution that enables consumers to initiate secure and private payments for goods and services or bills online, without having to provide personal financial information to any third parties.

To use eWise payo, customers are directed straight to their bank's website where they will log in using their existing account credentials. Once in their online banking application, consumers can select from any account with available funds and confirm the payment. eWise technology enables the secure payment, leveraging the UK's Faster Payments network, thereby generating a near immediate payment for the merchant.

Last month, the company launched eWise payo mobile.

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