Thursday, 26 May 2011
Google to Announce NFC Next Week
It is perhaps next week that the world will hear the announcement made by Google, Citigroup and MasterCard Worldwide of starting a NFC-based payment service, according to news sources.
Google will introduce a new, innovative mobile payments platform that will turn its Android smartphones into a digital wallet. A report revealed that next week, Google is planning to hold a "partner event" in the New York City to further disclose its NFC technology.
NFC will let consumers to just wave their mobile phones in front of a NFC-enabled reader at a checkout to pay for a purchase or to receive special offers. According to Wall Street Journal news, the programme will initially be launched in New York and San Francisco before being extended across other regions in USA.
Retailers who have agreed to Google's NFC plan include department store Macy's, American Eagle Outfitters and Subway fast-food chain. While Google have not disclosed anything, it is said to send out invites to the press asking them to attend an event at its New York offices where it will show off its "latest innovations". Mobile network operator Sprint is also expected to take part.
As per May 19 news, Citi has already stated its plans to issue a prepaid MasterCard PayPass application to be loaded onto Google's Nexus S smartphone and perhaps in other Android mobile phones. Google would provide the mobile wallet and is expected to offer other applications, such as mobile couponing.
ICO Gives Website Owners One Year To Comply With EU Cookies Law
Organisations and businesses that run websites for their UK consumers are given up to 12 months to 'get their house in order' before enforcement of the new EU cookies law begins, Information Commissioner, Christopher Graham said yesterday.
The UK government has revised the Privacy and Electronic Communications Regulations, which come into force in the UK on 26 May, to address new EU requirements. The Regulations make clear that UK businesses and organisations running websites in the UK need to get consent from visitors to their websites in order to store cookies on users' computers.
As the independent authority of information rights, the Information Commissioner has been charged with regulating the new rules for websites aimed at UK consumers. The ICO has published guidance to enforcing the new rules as well as guidance on other new powers coming into force as part of the revised regulations.
ZTE Corp to offer Mangoes in USA
China-based ZTE Corp. plans to launch Microsoft owned smartphone operating system codenamed 'Mango' in America. The company will also roll out LTE (Long Term Evolution) devices in the country. Speaking to Reuters, ZTE's U.S. CEO Cheng Lixin said that by early next year, Mango smartphones will hit the US market.
The CEO also expressed his company's plan to issue Mango smartphones in Europe in the second half of 2011. By introducing Mango, Microsoft hopes to compete closely with the present smartphone leaders - Google and Apple.
ValidSoft Gets Frost & Sullivan Award
ValidSoft, a global supplier of fraud prevention, authentication and transaction verification solutions, is honoured with the 2011 European Mobile Identity Authentication New Product Innovation Award by Frost & Sullivan for offering VALid-POS - a telecommunications-based, security solution created to combat frauds in ATMs or point of sale transactions.
ValidSoft is a wholly-owned subsidiary of Elephant Talk Communications, an international provider of business software to the telecommunications and the financial sectors.
VALid-POS solution combats fraud by using the Proximity Correlation Logic (PCL), which assesses the proximity of a card transaction to the cardholder's mobile phone in order to decide whether or not a transaction is likely to be fraudulent. The solution is mainly designed to help banks effectively overcome potential fraudulent transactions, and dramatically improve customer experience.
VALid-POS was awarded the EuroPriSe European Privacy Seal in March 2010, certificating compliance with the globally recognised highest privacy standards based on European data protection regulations.
DecisionPoint Systems Reports First Quarter 2011 Results
DecisionPoint Systems, Inc., a leading enterprise mobility and RFID systems integrator, reported 15.6% increased revenue in the first quarter ended March 31, 2011. Revenue has gone up from $11.1 million in 2010 to $12.8 million in the first half of this year. The year-over-year increase is mainly attributed to the buying of CMAC, which closed on December 30, 2010.
Gross profit in the first quarter of 2011 increased from $2.0 million to $2.3 million (rise by 14%). Gross profit margin was 18.2% compared to 18.4% in the same period a year ago. Loss from operations in the first quarter increased to $1.2 million or 9.1% of revenue from $0.4 million or 3.6% of revenue for the same period a year ago.
However, net loss for the first quarter was $1.8 million or $(0.06) per share compared to a net loss of $1.2 million or $(0.05) per share in the same period in 2010.
Entrust National ID Solution Selected by UAE
Entrust, Inc. will provide proven, PKI-based national ID technology to the United Arab Emirates. The Emirates Identity Authority is leading a citizen-centric initiative to provide smart national ID cards for citizens and expatriates that will help enhance the stability and safety of the people and government of the UAE.
The program, led by Emirates Identity Authority Director General Dr. Ali Mohamed Al Khouri, is adopting advanced PKI technology to position the UAE ID program with the most advanced in the world. By employing the latest visual and biometric security features and embedded PKI technology, the ID cards will validate the identity of each individual and provide strong authentication to applications. Entrust, the global leader in PKI technology, was the natural choice to establish trust architecture based on international standards.
With the majority of citizens already registered for cards, this marks the next phase of the Identity Authority's program to integrate the nation's IDs for secure access to online government services. All citizens are required to register for a card by the end of June 2011.
Entrust ePassport and national ID solutions are already in use including USA, the United Kingdom, Taiwan, Singapore, Denmark, Ireland, Slovakia, Croatia, Slovenia, New Zealand and Finland. According to the company, more than 50 percent of first- and second-generation ePassports deployed globally are secure by Entrust.
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