Google Inc (Mountain View CA) and four bank and telecommunications partners on Thursday unveiled "Google Wallet," taking U.S. shoppers a step closer to paying by waving their mobile phones at the checkout counter.
The Internet search company's system that lets people pay with phones instead of cards, hoping to win a race against major rivals including Visa, top U.S. banks and mobile network operators.
Charles Schwab (San Francisco, Calif.) today launches mobile deposit capabilities for iPhone users, enabling brokerage and Schwab Bank clients to deposit checks remotely by taking a picture of a check with their iPhone camera. Schwab is one of the only financial services firms to provide its clients with mobile deposit capabilities and integrated banking and brokerage mobile services, including money transfer.
The Alipay system affiliated with Jack Ma's Alibaba Group has received a license from China's central bank to operate an electronic payment system in the country, the company said on Thursday.
The license would allow Alipay to handle foreign exchange transactions, Internet payments, mobile payments and debit card services, Alipay said in a statement.
Alibaba Group restructured Alipay's ownership structure, giving Ma full ownership control of the payment business.
A planned modernization of the U.S. national power grid will cost up to $476 billion over the next 20 years but will provide up to $2 trillion in customer benefits over that time, according to industry experts.
The so-called "smart grid" will save energy, reduce costs and increase reliability by delivering electricity from suppliers to consumers using two-way communication that can control appliances, the charging of electric vehicles and the flow of power from renewable sources at customers' homes.
Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch.
The Internet search and advertising leader will work with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system, the source familiar with the matter told Reuters on Tuesday.
Google has teamed with MasterCard and Citigroup Inc to develop the system, the Wall Street Journal reported in March.
AMD Monday announced immediate availability of two new AMD Embedded G-Series APUs (Accelerated Processing Units) with thermal design power (TDP) ratings of 5.5 and 6.4 watts, up to a 39 percent power savings compared to earlier versions (versus the previously released single-core 9W TDP AMD Embedded G-Series APU model number T44R, operating at 1.2GHz).
Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors and that it would expand sales in renewables, amid tighter safety standards in the wake of the crisis at the Fukushima Daiichi nuclear plant.
Orders for four AP1000 reactors in China are on target, but approval delays in the United States and other countries could block the firm's goal to expand nuclear sales to 1 trillion yen ($12.2 billion) in four years, Toshiba said.
Cinterion (Munich, Germany), a global provider of cellular machine-to-machine (M2M) communication modules and a Gemalto company, and TZ Medical (Portland, Ore.), a manufacturer of critical-care medical products, today announced Aera-CT, a lightweight and cost effective mHealth heart arrhythmia monitoring device. Equipped with the Cinterion MC75i module, the Aera-CT is expected to be commercially available in North America in Q3, 2011 followed by rolling launches throughout the world.
Verizon Wireless (Basking Ridge, NJ) and TeleNav, Inc. (Sunnyvale, CA) today announced the availability of TeleNav Asset Tracker. The product provides enterprise customers, utilizing location-based services (LBS) enabled wireless devices, with near real-time location information, as well as critical activity alerts, for cargo, delivery trucks or other mobile assets.
A trial involving 25 household in the Hoogkerk district of the City of Groningen, Netherlands - PowerMatching City - has demonstrated that it is possible to create a 'smart grid' with a corresponding market model, using existing technologies. The system enables consumers to freely exchange electricity and keeps the comfort level up to par. This is the first time in Europe, and insofar as known worldwide, that the results of a live smart grid community are known at this technological scale.