IMF breached by cyber attackers

Officials at the fund gave few details but said the attack earlier this year had been “a very major breach”of its systems,the New York Times reports. The newspaper said IMF staff had been told of the intrusion on Wednesday in an e-mail which warned that “suspicious file transfers”had been detected. The intruders are understood to […]

Sprint First to Launch Google Wallet with Nexus S 4G

Nexus S 4G is the first smartphone with Google Wallet; users can now make their phones their wallet and make buys with a single tap using NFC OVERLAND PARK, Kan.–(BUSINESS WIRE)–Sprint (NYSE: S) and Google (NASDAQ: GOOG) today announced the rollout of Google Wallet to all Nexus S 4G customers – an app that enables […]

Visa announces ‘one stop’ card provisioning service for NFC mobile phones

“Financial institutions,mobile network operators,and even transit operators now have a simple,secure process to activate payment applications at scale and make mobile payments part of everyday life for consumers around the world,” says Visa’s head of mobile products. Read the rest of Visa announces ‘one stop’card provisioning service for NFC mobile phones at NFC World.

Intel announces NFC support in Ivy Bridge chips

We are here at CES and Intel has announced that all Ivy Bridge chips will support NFC. Ultrabooks have a massive presence at CES this year and Intel has thrown its weight fully behind NFC,and more specifically for payments in its Ivy Bridge chipset. NFC just got a boost beyond the reach of carriers and MNOs,which will no doubt spur a new […]

Coca-Cola SMS-enabled vending machine changing future of mobile payments

Coca-Cola’s iPad app NEW YORK – A Coca-Cola exec at the 2011 Mobile Marketing Forum discussed the company’s SMS-enabled vending machines that let consumers pay for beverages using their mobile devices. Doug Busk, mobile brand strategy and global connections at The Coca-Cola Co., was one of the participants in the “What’s on the Horizon with […]

Kineto looks to broaden potential of Wi-Fi off-load

Wi-Fi off-load,one of the most widely-discussed technology trends of 2011,is usually mentioned in the context of moving data traffic from mobile networks to private Wi-Fi hotspots to relieve mobile congestion in home or business coverage areas. However,if carriers could find ways to off-load other kinds of traffic,and to public hotspots as well as private ones,they […]

NXP says 60 NFC phones in development for 2011

NXP Semiconductors is effective with manufacturers to develop 60 – 62 NFC phones that could hit the promote in 2011 NXP Semiconductors is the largest NFC chip provider on the promote, but not the only player in the promote; and if they are effective on 60 – 62 NFC phones with manufacturers, their competitors will […]

Intuit acquires AisleBuyer to boost its mobile commerce strategy

The AisleBuyer mClerk iPad app Intuit is extending its mobile commerce strategy with a new deal to acquire shopping application AisleBuyer. The AisleBuyer mobile app,which is being used by several merchants,lets users scan a product’s bar code in a store,see reviews and ratings,as well as pay for a product with a credit card without having […]

MasterCard Introduces U.S. Roadmap to Enable Next Generation of Electronic Payments

Framework to Deliver Enhanced Consumer Experience In-Store,Online,at the ATM and with Mobile Phones PURCHASE,N.Y.–(BUSINESS WIRE)–MasterCard today introduced a comprehensive roadmap focused on advancing the U.S. electronic payments system. As payments continue to evolve to include new devices and new channels, such as mobile and eCommerce, the roadmap takes steps to address how consumers really shop, […]