All talk about Americans embracing mobile payments has been about the “when,” not the “if.” That manifest destiny may at last be within sight now that Apple (AAPL)has announced it will soon begin selling phones equipped with technology to support mobile wallets. That, at least, is what the digital-payments cheerleaders would have you believe.
As with many things in tech, it’s not just a matter of build, and they will use it. Just ask Google (GOOG) or Softcard, which made bump-to-pay smartphone wallets several years ago and have been waiting for customers to show up ever since. In order for mobile wallets to work, merchants have to meet the smartphone companies halfway. To accept near-field communication payments (that’s the bump-to-pay technology), stores and restaurants must install point-of-sale terminals with sensors that can talk to phones equipped with NFC chips. While most people buy a smartphone every two years, the assumption in the payments industry is that merchants are likely to upgrade payment systems about every five years.
Microsoft (MSFT) on July 31 lost the latest battle in a legal war against government demands that it turn over copies of e-mails it stores in Ireland. Microsoft refused to comply on the basis that the U.S. has no authority to issue a search warrant outside its territory, arguing that the government should instead act through its mutual legal assistance treaty with Ireland.
The world’s largest online social network posted sharply higher earnings Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. The company’s shares climbed nearly 4 percent in extended trading, signaling that they could hit a record high when the stock market opens Thursday.
Apple faces a class-action lawsuit brought by former Apple retail and corporate employees who claim they were denied rest periods and are owed back wages.
Microsoft is planning to layoff more than 18000 employees,not only from their Nokia division but also from their Redmond campus in Washington state. Microsoft is also imposing a mandatory 6-month break after working for the company for 18-months for all of their “external employees”.