Wed, 29/10/14 – 12:23 | No Comment

Reddit isn’t just a social sharing and commentary site anymore. Now, with the release of Redditmade, it’s a crowd-sourced funding site as well. Interestingly, Redditmade works as a sort of mashup of Reddit and traditional …

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Rite Aid and CVS block Apple Pay
Fri, 31/10/14 – 7:13 | No Comment

Rite Aid and CVS have joined some of the world’s biggest retailers in shunning the new Apple Pay system.

Earlier this month, Apple Pay was introduced to more than 220,000 stores, but retailers such as Best Buy, Target, 7-Eleven and Walmart were not among Apple’s long list of partners.

These retail giants are part of a group known as the Merchant Customer Exchange (MCX). MCX has been developing CurrentC, a mobile payment scheme that could compete with Apple Pay. CurrentC is expected to be rolled out to 110,000 stores next year.

“It will offer merchants new and exciting channels to engage with customers, strengthen relationships, and enjoy more control of transaction data,” said Dekkers Davidson, chief executive officer of MCX.

While Rite Aid and CVS initially supported Apple Pay, the drugstore chains have since disabled or altered their Near Field Communication (NFC) readers so that Apple Pay cannot be used in their stores. Both Rite Aid and CVS are also part of MCX.

Tim Cook, Apple’s chief executive, said there are plenty of other retailers who have signed up.

“We’ve got a lot more merchants to sign up, we’ve got a lot of banks to sign up and we’ve got the rest of the world,” said Cook. He noted that retailers risk alienating customers when they limit the payment options available at checkout.

Cook also described the decision as a “skirmish”, saying that “merchants have different objectives sometimes. But in the long arc of time, you only are relevant as a retailer or merchant if your customers love you.”

Apple Pay saw more than one million credit cards registered during its first 72 hours, and the system racks up more transactions than all other contactless payment methods combined, said Cook, citing data from MasterCard and Visa.

Allegedly AT&T misled clients with unlimited data
Fri, 31/10/14 – 7:07 | No Comment

The US Federal Trade Commission (FTC) has recently lodged a federal lawsuit against AT&T for misleading customers regarding the telco’s Unlimited Data Plans, according to The New York Times.

Online labour markets booming
Fri, 24/10/14 – 3:54 | No Comment

According to an expert from CoachMarket, a platform for freelance business coaches and corporate trainers, online marketplaces where clients and businesses can hire freelance workers are flourishing.

Apple registers strong Q4 results
Fri, 24/10/14 – 3:46 | No Comment

Apple posted better-than-expected results for the fiscal fourth quarter of 2014, which ended on 28 September, with revenues at $42.14 billion and earnings per share at $1.42.

Businesses lose an average of $12.7M a year to cybercrime
Mon, 20/10/14 – 0:36 | No Comment

The fifth annual Cost of Cybercrime report from the Ponemon Institute found that businesses lose an average of $12.7 million to cybercrime. This is up 9.7 percent over the previous report’s study, indicating that the …

Twitter to unveil mobile payment service
Fri, 17/10/14 – 4:45 | No Comment

In collaboration with France’s biggest bank in terms of client numbers, Groupe BPCE, Twitter will offer a new mobile payment service targeting young users.

China pre-ordered 20 million iPhone 6 units last weekend
Fri, 17/10/14 – 4:42 | No Comment

About 20 million units of the iPhone 6 and iPhone 6 Plus were pre-ordered in China between 10th and 13th October, according to a CNET report that cited data from Chinese tech giant Tencent.

Finland Blames Apple for Credit Downgrade
Mon, 13/10/14 – 13:37 | No Comment

In an interesting twist of politics, the Prime Minister of Finland, Alexander Stubb, told news reporters that Apple killed the nation’s top industry, resulting in an international credit downgrade announcement. Standard and Poor downgraded Finland’s …

Tech firms promise to safeguard student data
Fri, 10/10/14 – 4:51 | No Comment

After California Governor Jerry Brown passed the Student Online Personal Information Protection Act (SOPIPA) on 29th September, a group of 14 industry players have promised to adopt its principles across the United States.

Samsung to build new chip plant
Fri, 10/10/14 – 4:49 | No Comment

Samsung Electronics Co plans to invest 15.6 trillion won ($15 billion) on a new South Korean semiconductor plant to meet the growing demand for chips that power smartphones, tablets, appliances and wearable devices.

Hewlett-Packard is splitting in two
Mon, 6/10/14 – 12:41 | No Comment

HP will be splitting into two entities, the Hewlett-Packard Enterprise unit and the Hewlett-Packard Inc. hardware unit. The split will take place soon and will see both companies traded separately on Wall Street.  The Enterprise …

Microsoft unveils Windows 10
Fri, 3/10/14 – 5:11 | No Comment

Microsoft has revealed the name of the next version of its Windows Operating Software, Windows 10. Dubbed as the company’s “most comprehensive platform ever,” Windows 10 blends the best features of Windows 7, which was geared toward desktops, with the best bits of the tablet-centric Windows 8.

Majority of Americans clamour for net neutrality
Fri, 3/10/14 – 4:55 | No Comment

Most Americans believe that wireless internet firms should be covered by the Federal Communications Commission’s (FCC) net neutrality rule, according to survey by a key industry body.