07 March 2014 Researchers at South Korea’s KAIST university have unveiled the newest innovation in wearable devices: K-Glass, which is similar to Google Glass. K-Glass comes with a special chip that expands the pool of objects the device can properly recognize without relying on barcodes or...
EMV continues to die a slow death. At least that’s what a growing number of vendors are hoping as they roll out more sophisticated, and secure, payment products, some of which operate along the traditional network rails. Their goal is to encourage financial institutions to...
PayPal APAC reportedly has launched mo.bi.pay, a mobile payments solution developed as a mobile plug-in solution for small and mid-size merchants using shopping carts on their platforms. Mo.bi.pay incorporates PayPal’s mobile practices so the customer can pay using his or her mobile device, The PayPers...
Alibaba, the Chinese eCommerce conglomerate, has banned the sale of Bitcoin on its Taobao Marketplace online platform. Bloomberg News reported that Bitcoin sales and other cryptocurrencies will be restricted beginning on Jan. 14. Mining hardware and software will also be barred from Taobao. An Alibaba...
Alipay, Alibaba’s online payments affiliate, is teaming up with Sina Corp to launch a new online payments service. The Wall Street Journal reported on Jan. 7 that the service integrate’s with Sina Corp’s Weibo microblogging website. Weibo is China’s version of Twitter. According to the...
Online bitcoin-wallet service Coinbase now has a mobile-payments app. The Coinbase mobile app includes functionality for both merchants and consumers. Shoppers can make transactions in bitcoins with their Coinbase app as long as the merchant is participating. The mPOS app follows an earlier release from...
Spindle has finalized its acquisition of Yowza!!, a mobile couponing service, the mobile-commerce solutions provider announced. Spindle plans to integrate Yowza!!’s mobile-coupon technology with its own system, according to a Jan. 6 press release. “We are delighted to complete the acquisition of Yowza!!, which positions...
Despite the explosive growth the mobile point-of-sale (mPOS) sector has seen in the past few years, there was one overarching message from the industry heading into 2014: mPOS has only just begun to show its potential. In other words, a collective ‘You ain’t seen nothing...
Despite the rise of big data, the cloud and the countless other electronic innovations looking to tap into our collective brainpower, predictions remained as difficult to get right as ever in 2013. For every no-brainer like the rise of consumer mobile smartphone and tablet use,...
