PayPal is planning to cut as much as 3 percent of its workforce as the payments division of eBay Inc looks to streamline its operations under new President David Marcus, a person familiar with the situation said on Friday.
The reductions are expected to total between 300 and 400 and be focused in product development, technology and marketing, the person said on condition of anonymity because the plans are not public. PayPal (San Jose, USA) has almost 13,000 employees.
The job cuts will be PayPal's first major reductions since the financial crisis in 2008.
NTT DoCoMo (Tokyo, Japan) and MasterCard (Purchase, USA) have teamed up on a service that will let the operator’s customers use their smartphones to pay for goods abroad.
The companies plan to expand DoCoMo’s mobile credit payment system to include MasterCard PayPass merchant locations. As of June, there were an estimated 500,000 such locations in 41 countries.
Collaboration with the payment card companies is necessary if operators are to break into the market for international payments, and the industry is likely to see more deals of this nature in the months ahead.
Private-equity group Inverness Graham Investments (Newtown Square, USA) has taken a majority stake in RACO Wireless (Cincinnati, USA) as the M2M specialist reveals its acquisition intentions and predicts a “significant surge” in the growth of the market.
Telefonica (Madrid, Spain) is setting up a business to sell data it collects from millions of its mobile phone customers to retailers which could provide the company with a new source of income.
The Spanish telecoms group, owner of the O2 brand in Britain, Germany and other European markets, has created Telefonica Dynamic Insights to interpret, analyze and sell anonymous data from its phone subscribers.
M2M vendor Cinterion (Munich, Germany) has launched its first industrial-grade M2M module that works on networks around the world and can therefore be used to support voice and data roaming.
Owned by Gemalto (Amsterdam, the Netherlands), the company has developed its PXS8 module for use on the network of US operator Verizon Wireless (New York, USA), which is making a push into the M2M market.
The module could give rise to new business opportunities for global enterprises that want to launch M2M services on networks operated by Verizon and its roaming partners.
Petabytes of data from entire cities or global deployments of sensors, boiled down into actionable metrics that can produce tangible results. That’s the future of M2M deployments according to Intel, and the chipmaker claims it’s not far away. Rick Lisa, the company’s director of M2M global business development, spoke to a gathering of M2M developers at the Telit DevCon event, held on the eve of the CTIA’s MobileCon show in San Diego.
Cisco (San Jose, USA) is hoping to accelerate the development of smart-grid technology with the launch of a developer program that provides participants with access to tools, resources and go-to-market support.
Called the Connected Grid Cisco Developer Network (CDN), the program allows partners to develop services that can be integrated with Cisco’s GridBlocksTM architecture and Connected Grid solutions to support advanced smart-grid capabilities.
An operator of coin-activated air compressors – used to inflate car tires at filling stations, general stores and other retailers – has successfully been able to retrofit its machines with embedded communications devices, providing the company with a real-time picture of its operations and revenue reconciliation for the first time.
The machine operator shares revenues with the retail hosts, and is convinced that it will be able to land more business by showing its retailers information about revenues and providing an improved service.
Vodafone (Newbury, UK) has announced it will unveil a range of new M2M products for smart meters and homes at this week’s Metering, Billing/CRM Europe 2012 show being held in Amsterdam.
The UK operator plans to give practical demonstrations of solar panel remote monitoring, energy data management tools for business and its Global M2M Platform to show how smart metering can help businesses improve customer satisfaction, streamline operations and reduce energy costs.
Smartphone-wielding Starbucks (Seattle, USA) customers in the United States will get a new way to pay in early November when the world's biggest coffee chain begins accepting Square (San Francisco, USA) Wallet mobile payments at its roughly 7,000 company-operated U.S. stores.