Telekom Austria seeks to "Unlock M2M" in CEE

Telekom Austria is reaching out to enterprise customers in central and Eastern Europe (CEE) with a new initiative aimed at spurring the adoption of M2M services.

Called ‘Unlock M2M’, the program is intended to facilitate the take-up of M2M technology by making it more accessible and affordable.

"Internet of things" to give $10-15 trillion boost to global economy: GE

Productivity gains resulting from the “internet of things” could add between $10 trillion and $15 trillion to global GDP over the next 20 years, according to a new study from General Electric (GE).

The manufacturing giant reckons the “industrial internet”, as it terms the phenomenon, could find direct application in sectors accounting for more than $32.3 trillion in global economic activity, but expects this figure to reach about $82 trillion – one half of global economic output – by 2025.

Jasper Wireless tops ranking of CDP vendors

Jasper Wireless retains its number-one spot in ABI Research’s latest ranking of Connected Device Platform (CDP) vendors, but Ericsson is starting to make its presence felt in the fast-growing sector.

The company, which was singled out as a “clear leader” in ABI’s July assessment, continues to beat off rivals, with its global footprint, dominant market share and vertical-specific expertise fundamental to its securing top position this time round.

Vodacom launches M2M in Nigeria

Pan-African mobile-phone operator Vodacom has reportedly launched an M2M service in Nigeria aimed at boosting the country’s retail and financial sectors.

The offering appears to be a mobile-payments service, using GSM network connectivity to link retailers’ terminals to central servers and banking systems.

According to press reports, Vodacom (Bloemfontein, South Africa), majority owned by Vodafone (Newbury, UK), is using a secondary GSM network as a backup in case of an outage, but says users will be oblivious to any changeover.

BlackBerry maker wins vote of confidence ahead of BB10

Reuters

Research In Motion Ltd, for months enveloped by a wave of negative sentiment, got a boost on Tuesday when one of its most influential critics raised his rating on the stock ahead of the launch of RIM's make-or-break new line of BlackBerry 10 devices.

The upgrade by Jefferies & Co analyst Peter Misek pushed RIM's share price into double digits for the first time in five months, with the stock up more than 3 percent at $10.04 in early trading on the Nasdaq.

Cisco to buy cloud networking start-up Meraki for $1.2 billion

Reuters

Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy.

Cisco (San Jose, USA) said the acquisition of Meraki (San Francisco, USA), which was founded in 2006 by members of MIT's Laboratory for Computer Science, is expected to close in the second quarter of Cisco's 2013 fiscal year and is subject to regulatory approval.

Cisco's second quarter runs until the end of January.

Burnished by Starbucks, upstart Square battles payment giants

Two years ago, employees from the start-up Square Inc descended on farmers markets in San Francisco to hand out a new type of credit-card reader that let small, independent merchants accept plastic via their smartphones or tablets.

But this month, when Starbucks Inc (Seattle, USA) and Square (San Francisco, USA) announced that 7,000 coffee shops across the country would begin accepting payment through Square's smartphone app, the small white cubes that were Square's original calling card didn't merit a mention.

iZettle launches mobile-payments service with EE

Swedish mobile-payments company iZettle has launched services in the UK through an exclusive deal with EE, the country’s biggest network operator.

Under the arrangement, iZettle’s mini chip-card readers will be available from any of EE’s (London, UK) 297 stores or via the operator’s telesales channel.

The readers can be connected to smartphones and tablets, turning the devices into mobile-payment terminals that will accept transactions via Visa, Mastercard, American Express and Diners Club.

Telefonica Digital launches cloud service for M2M

Telefónica Digital has launched a cloud-computing service designed partly to support M2M applications for developers, digital businesses and large enterprises.

Branded Instant Servers, the service is supported by the operator’s data centres in the UK and Spain and promises a service level agreement (SLA) of 99.996% with financial compensation in the event of non-compliance.

Instant Servers also allows customers to serve more workloads per virtual machine than public cloud services and thereby reduce their operating costs.

Paypal enters the holiday price-matching fray

Reuters

PayPal launched a price-matching offer on Thursday, following similar moves by retailers including Target Corp, as the payments giant tries to encourage more shoppers to use its service this holiday season.

If consumers purchase products with PayPal and the items are advertised for lower prices by any merchant within 30 days, PayPal said it will reimburse users the difference.

The price-matching offer includes PayPal purchases made online and in physical stores and runs through December 31, the company, owned by eBay Inc (San Jose, USA), added.