Mastercard (Harrison, NY, USA) has poached Mung-Ki Woo, the former head of mobile and contactless payments at Orange (Arcueil, France), one of Europe’s largest operators. Woo will head up MasterCard’s mobile payment and m-commerce business, a recently formed unit.
The move strongly suggests MasterCards plans to increase its mobile payments efforts, a currently wide open market with many potential competitors looming. Not the least of which being Visa, who hired Bill Gajda, former chief commercial officer of the GSM Association, for a similar position.
Following last week’s announcement that Hyundai will be entering the telematics race, Sprint (Overland Park, KS, USA) CEO Dan Hesse has announced his company will provide the network infrastructure to support this and other connected vehicle applications.
During remarks at the 2011 Detroit Economic Club, Hesse unveiled the company’s “M2M Connected Transportation initiative.” “We want to provide connected transportation to trucks, buses, subways, taxis, planes, police cars and ambulances so that they can be instantly linked through voice, data and images,” said Hesse.
Scanbuy, Inc. (New York, NY, USA) released its latest "ScanLife Mobile Barcode Trend Report" last week and the research contains some impressive figures, including a sixteen-fold jump in overall barcode traffic this year.
Scanbuy, of course, has a vested interest in barcode scanning trends, as a global provider of mobile barcode solutions. However their research is consistent with the accelerated adoption of smartphone technology for common activities like shopping, product information, and web usage.
After years of development, China’s radio-frequency identification (RFID) market has entered a phase of prodigious size and growth, with revenue set to more than double from 2009 to 2014, according to the China market research firm iSuppli (El Segundo, CA, USA), now part of IHS Inc.
China’s RFID market, consisting of tags, readers and software/middleware, is estimated to have grown to $1.4 billion in 2010, up 22 percent from $1.1 billion in 2009. By 2014, the RFID market will reach $2.4 billion—more than double the total from 2009.
Gemalto (Amsterdam, Netherlands) has announced the handover of its point of sale (POS) solutions business to VeriFone (San Jose, California, USA) as part of their strategic partnership. First announced in October, the partnership also entails cooperative efforts in Europay, MasterCard, and Visa (EMV) chip card solutions, and Gemalto's appointment as the preferred supplier of M2M wireless modules and related solutions for VeriFone payment systems.
LG Electronics has unveiled its new range of smart appliances, enabled by "LG THINQ" technology, at the 2011 International CES. All products in the lineup are comprised of five key features, dubbed Smart Grid, "Smart Diagnosis," "Smart Access," "Smart Adapt," and the intriguing "Food Management."
Sierra Wireless (Richmond, British Columbia, Canada) today announced that TomTom (Amsterdam, Netherlands), a location and navigation solutions provider, is using Sierra Wireless "AirPrime" Intelligent Embedded Modules to provide cellular connectivity to its integrated navigation systems for Renault and Mazda vehicles.
The global market for machine-to-machine (M2M) device connections will grow from 62 million devices in 2010 to 2.1 billion devices in 2020, according to a new report from Analysys Mason (London, UK). With a year-on-year growth rate of between 36% and 52%, M2M seeks to be one of the fastest-growing connectivity sectors in the next decade.
The "Machine-to-machine devices connections: worldwide forecast 2010-2020" covers 8 regions, 7 industry segments, and 20 product/solution categories.
Nokia Siemens Networks (Espoo, Finland) announced yesterday plans to set up a Smart Lab in Korea focused on developing smart device-optimized applications, services and networks. The lab is expected to open in the first quarter of 2011.
The American Medical Association is reporting that AT&T (Dallas, TX, USA) announced it has formed a division geared toward health information technology, a market it estimates to be worth nearly $34 billion.
The new division, AT&T ForHealth, will focus on the development and delivery of health IT solutions, including telehealth, cloud computing and wireless monitoring devices.