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.
Amazon.com Inc said on Thursday that it now sells more digital e-books than paper books and that its recently introduced lower-priced Kindle e-reader is outselling other versions of the device.
Amazon, which does not divulge exact sales figures for the Kindle or e-books, said that for every 100 print books it has sold since April 1, it has sold 105 e-books. That includes both paperback and hardcover books, but excludes free downloads.
Last month, Amazon introduced a Kindle for $114, or $25 less than its next most expensive version, featuring advertising.
Verizon Wireless (New York, NY) and Medco Health Solutions, Inc. (Franklin Lakes, New Jersey) today announced a mobile application that can instantly guide patients and their doctors to the lowest-cost prescription drug to meet their health needs and help them identify potentially harmful drug interactions. The new Medco Pharmacy mobile app delivers critical information to help Medco members manage their prescription medications.
Saxon Infotech, Inc. (Columbia, MD), a strategic IT services consulting, development and staffing firm, announces today that it is making a significant investment of talent and resources to support and participate in a joint development effort with a major Institute of Technology and Research to develop and bring to market a cloud-based mobile telemedicine application. The company is targeting delivery in the second quarter of 2012.
VeriFone Systems, Inc. (San Jose, CA), and MICROS Systems, Inc. (Columbia, MD), today announced a solution that integrates restaurant management systems with smart mobile devices, allowing consumers to pay at the table with electronic wallets on mobile phones utilizing Near Field Communications (NFC).