Friday, 16 September 2011
PayPal Unveils the Future of Shopping
In his blog Scott Thompson, President of PayPal starts to reveal PayPal's new payment technology.
"PayPal is re-imagining money and making it work better for merchants and consumers - whatever device you're on, wherever you are in the world, and however you prefer to pay (whether that's cash, credit, or instalments). And let's be clear about something - we're not just shoving a credit card on a phone", blogged Scott.
PayPal will be announcing more over the coming months, and will be demonstrating their new products and services at X.commerce Innovate Conference, 12-13 October in San Francisco.
MorphoTrak Awarded by Frost & Sullivan
Based on its recent analysis of the biometrics market, Frost & Sullivan has presented MorphoTrak with the 2011 North American Frost & Sullivan Award for Company of the Year in recognition of its pioneering biometrics and identity management solutions that give it a key competitive advantage. MorphoTrak's international parent, Morpho, is the world's leading provider of Identification and Biometric Technology.
MorphoTrak's applications are used in border control, law enforcement, civil identification, and for security in information technology.
Some of MorphoTrak's products and services include airport and transportation security systems; biometric system integration; law enforcement AFIS systems and services; mobile ID for border management, law enforcement and commercial applications; multi-modal biometric systems; personal identity products and services; physical and logical access control products and services; and security automation processes.
The fingerprint recognition technologies that the company has developed have been ranked number one in accuracy and interoperability in evaluations conducted by the National Institute of Standards & Technology (NIST), MINEX II (Match-on-Card), and in ongoing MINEX evaluations. Its multi-biometric matching system, MorphoBSS, is a software-based, hardware-independent core biometric solution that offers high levels of accuracy and speed in terms of identity matching capabilities.
MorphoTrak aims to reduce the complexity of its solutions, thereby increasing customer value. Further, customer feedback is actively solicited from a Users' Group through workshops and plays a vital role in the specifications of MorphoTrak's product pipeline.
Each year, Frost & Sullivan presents this award to the company that has demonstrated great growth strategies and implementation. The award lauds the recipient's innovation in business processes, products and/or technologies to garner leadership in customer value and market penetration.
BOM Rolls Out Mobile Payments
On Tuesday the Bank of Montreal (BOM) and MasterCard launched the mobile PayPass tag which will let their cardholders tap their phone over PayPass readers to make purchases under $50 at participating merchants.
BOM is the first major bank to roll out a mobile payment scheme. According to market research undertaken by Leger on behalf of PayPal Canada earlier this year, 56% of Canadians are comfortable with the idea of never handling cash and 31% would find making payments via a mobile phone more convenient.
NXP to Support Windows 8
NXP's position as the acknowledged global leader in NFC solutions was last night boosted by Microsoft's confirmation that the company's NFC technology will support Windows 8 and be integrated in Windows 8-based tablet PCs. With most of the world's major handset manufacturers now bringing NFC-based phones to market, 2011 is set to be the year that NFC as a mass market technology really comes of age.
A new "tap to pair" NFC feature in Windows 8 tablets will make it even easier to pair devices such as keyboards, speakers and headsets, while making the sharing of data such as business cards, web links and games between devices event quicker and more secure.
NFC-enabled Windows 8 offers developers the opportunity to create new and exciting applications - bringing physical touch points to online social networking and offering the possibility to unlock exclusive content for users.
Are Smart Watches the Future?
Meta Watch Ltd. announced that a team of investors led by Juha Pinomaa, former President of Suunto and a former Nokia executive, acquired the Meta Watch branded connected watch business and related IPR assets from Fossil, Inc. Joining Pinomaa as investors and key managers are Bill Geiser and David Rosales, who previously led Fossil's Watch Technology Division.
"Over the next 10 years billions of people will carry smart phones changing how consumers live and creating new opportunities and markets for connected watches and other wearable devices. Acquiring Meta Watch not only gives us a head start in this emerging growth market, it brings us the industry's most experienced management team who have been designing and shipping connected watches since 2006," said Juha Pinomaa, Chairman of Meta Watch.
"We are very excited about the opportunities ahead, as initial shipments of the Meta Watch development system are now underway. Our unequalled experience in this new category will allow thousands of mobile application developers to quickly and easily extend applications to the wrist, helping consumers to stay connected and to stay in style when they are really mobile and on the go," said Bill Geiser, CEO of Meta Watch.
Meta Watch will be based in Dallas, TX. The company will also open an R&D centre in Espoo, Finland to capitalize on the rich history of Finland-based innovation in wrist-top computing and mobile devices.
Gemalto Provides Colombia with Multi-App. EMV Cards
Gemalto announces that it is providing Colsubsidio, the major Compensation Fund in Colombia, with the country's first multi-application EMV cards.
The Multi Service Membership Card provides all Colsubsidio members with the security of EMV payment, combined with a wide range of services. These services include an e-purse application, admittance to recreational parks, as well as access to sport and convention centres. The contactless feature of the card provides easy and convenient access to public transportation in the city of Bogota. Gemalto also supplied Colsubsidio with a software solution for in-house card personalization as well as technical support during the launching phase.
Gemalto's digital security technology enables Colsubsidio to integrate all of their services and those of their partners on to one single card. The Multi Service Membership Card affords users a more enjoyable experience, where they can "wave" their way onto public transportation, access participating venues, and securely pay for goods and services, with a convenient, all-in-one solution.
Gemalto has been a major provider of cards and personalization services since the beginning of EMV migration in Latin America, with a strongly differentiated offer in Colombia, featuring value added applications, Gemalto also delivers technical expertise and world-class migration guidance from its regional facilities.
An App. To Stop Drivers Using their Phone
There is now a mobile phone Application that will lock a mobile phone once the driver of a car exceeds 10MPH. Called Sprint Drive First the idea is to make sure drivers are not distracted by the use of their mobile. The application will be pre-installed in all Android Smartphone's from the autumn and is available now as a download.
DoCoMo and Partners to take on Qualcomm
Reported in PCWorld NTT DoCoMo will partner with a number of Japanese hardware makers and Korean manufacturer Samsung to develop core chips for use in Smartphones. According to the Nikkei newspaper the investment will be around 30Bn Yen (US$390m) with DoCoMo contributing over half. Currently Qualcomm has the lion share of the market.
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