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.
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.
InfoVista (France) a global provider in service performance assurance, will introduce its new unified solution for cloud service assurance at TM Forum Management World in Dublin, Ireland from May 23-26, 2011. Extending its flagship VistaInsight(r) for Networks and VistaFoundation to support cloud-based technologies, InfoVista's carrier grade performance assurance platform offers end-to-end performance assurance, visibility and reporting for Infrastructure as a Service (IaaS) and other private or public cloud-based applications and services.
As service providers deploy mobile backhaul for the growing wave of 3G services, it is important to keep requirements for emerging 4G services in mind. True 4G mobile backhaul includes three key ingredients – resiliency, synchronization and performance. Deploying true 4G mobile backhaul today protects the service provider’s investment in legacy 2G services while providing cost-effective backhaul for 3G services and laying the groundwork for the performance required to unleash 4G services.
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).
Whether you’re interested in cable, cloud services, government and defense, Frameworx or all of the above, the specialist networking activities at Management World 2011 are the place for you to mingle with your peers and with TM Forum subject matter experts.
Toyota Motor Corp (Japan) and cloud computing company Salesforce.com Inc (San Francisco, CA) will build a social network service that will enable owners to become "friends" with their cars and get friendly, tweet-like reminders for maintenance checks and other notices.
The deal marks the second tie-up between the world's biggest automaker and a software company in as many months. Toyota and Microsoft Corp last month announced plans to bring Internet-connected services to Toyota's cars across the world.
Xigo (Manassas, VA), the cloud-based solution that simplifies managing enterprise telecommunications costs, conducted a research audit on data gleaned from its base of 250,000 phones under advisement for the month of March 2011. Xigo’s research findings indicate that average enterprise mobile phone users with wireless data plans use less than one-sixth of their monthly cap, and users with voice plans use slightly more than two-thirds of their allotted minutes. As a result, enterprises are paying for considerably more data and voice bandwidth than their employees actually need.
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.
Active Endpoints, Inc. (Waltham, MA), the process automation company, announced Tuesday that one of Europe’s telecommunications operators, Tele2, has gone live with a ActiveVOS process application that integrates its core billing and provisioning applications.