Bank of America tests technology to pay with phones

Reuters

Bank of America Corp (Charlotte, USA) is testing a technology that allows a customer to pay at a store register by simply scanning an image with a smartphone, such as Apple Inc's iPhone or Google Inc's Android devices.

The pilot program is being tested in Charlotte, North Carolina, where the second-largest U.S. bank is headquartered, and marks the latest effort by a financial institution to come out on top in the race to determine how people will pay for things in the future.

Widespread use of digital "wallets" to take time: Canada panel

Reuters

Canadian banks and telecom providers are scrambling to introduce smartphone digital "wallets," but the dream of completely abandoning the traditional billfold in favor of a smartphone is likely several years away, according to speakers at an e-commerce conference in Toronto on Tuesday.

Digital wallets will allow consumers to make cash and credit card transactions using their smartphones by swiping the phone past a sensor and then entering a PIN number to complete the payment.

Kentucky investigates smart-grid benefits

The Kentucky Public Service Commission (PSC) is looking into the introduction of a smart grid to boost energy efficiency and provide better services to consumers in the State.

The PSC has initiated a proceeding that it says will examine “all aspects” of smart grid technologies, including their implementation costs, any technical issues and the societal impacts they might have.

Gemalto acquires mobile payment platform from Ericsson

Dutch digital-security specialist Gemalto (Amsterdam, the Netherlands) has bought Ericsson’s Internet Payment Exchange (IPX) business for an undisclosed sum as it targets the fast-growing mobile-payments market.

The acquisition does not include the US operations of the Ericsson (Stockholm, Sweden) business.

IPX connects more than 1,000 customers globally to over 120 mobile network operators. The company also operates payment platforms as white-label services for a number of operators.

Mahindra Satyam launches "Connected Vehicle Concept"

Best known as a provider of IT services and consulting, Mahindra Satyam (Hyderabad, India) has launched a new vehicle infotainment and telematics service it is calling the “Connected Vehicle Concept”.

The company says that while other players are bringing standalone products to market it aims to position itself as an end-to-end service provider.

Telerad Tech launches telemedicine in eastern India

Telerad Tech (Bangalore, India), a healthcare IT specialist, has announced that its Cisco-based telemedicine services are now available in parts of eastern India.

The organization is using Cisco’s HealthPresence telemedicine platform to provide medical services to a number of villages, and it says more than 100 patients have already benefited from the technology.

Using the Cisco (San Jose, USA) system, Telerad doctors have been offering telemedicine consultations in the villages of Chattisgarh and Odisha, while another site in Rajasthan is scheduled to go live this month.

Smart meters to save $14 billion for UK homes, businesses: report

The introduction of smart meters to the UK could lead to savings of £65 a year for the average household, according to a new report from British Gas (Staines, UK) and Oxford Economics.

According to the study, the rollout of smart meters across the UK will lead to savings of approximately £14 billion ($22.7 billion) between 2012 and 2030, equating to an average saving per household of about £65 a year.

Operators urged to make M2M progress by leading analyst

M2M could fail to live up to its billing as the next big thing unless someone takes initiative and stops the fragmentation that currently afflicts the industry.

That seemed to be the message coming out of M2M: Beyond Connectivity, a seminar organized by European Communications magazine in London last week, where analyst speakers presented a rather pessimistic assessment of the state of the market.

Nissan chooses SiriusXM for telematics services

Nissan’s North American business has struck a deal with SiriusXM (New York, USA) under which the company known primarily as the world’s biggest radio broadcaster will supply a range of telematics services for Nissan-branded vehicles.

Nissan (Yokohama, Japan) claims it is the first carmaker to introduce some of the SiriusXM offerings, including 24/7 emergency support for accidents, stolen vehicle tracking and roadside assistance.

Customers are also set to benefit from the simplicity of a consolidated bill for audio entertainment and a central site to manage subscriptions.

Orange Business Services partners with Openmatics

Orange Business Services (Paris, France) has teamed up with telematics specialist Openmatics (Friedrichshafen, Germany) to provide M2M services that can be used on trucks and buses.

The France Telecom-owned company has signed what it calls a strategic partnership with Openmatics, which is in the process of developing its offer by adding more applications to its platform.

Syndicate content