On September 10th of this year at
Mobile Future Forward, the topic of discussion was largely mobile payment technologies and the rather mediocre adoption rates they have been experiencing. As it turns out, the corporate sector may not be the market segment that brings mobile payments into the mainstream, as companies like Square, Amex, Google and Visa had previously expected. Instead, average consumers offer potential in not only growing the market for mobile payments but opening up an entirely new market segment.
The big guns at Mobile Future Forward also cited the lack of widespread use of NFC (near field communication) in mobile devices and retail outlets wasn't helping their cause and they didn't expect that technology to be mainstream for at least another three years. Google announced Google Wallet back in May of this year and they have teamed up with Sprint to start pulling NFC and widespread mobile payments into the present.
I have very good news - the wait is almost over. In just a few days the tech media will finally stop talking about the iPhone 5's impending release! The reason, of course, is because Apple has scheduled a media event for October 4th. Based on reports that Sprint has canceled vacation time for mid-October and the fact that Apple really has nothing else going for it, it must be the release of the iPhone 5.
The phone, however, is not what I am intrigued about (big surprise, right?). We all know that
Steve Jobs resigned as CEO not long ago. This unveiling will be the first one with new CEO Tim Cook at the helm. He has to be the presenter. Without him on stage, it will send the message that he is not cut out to fill the shoes of Jobs who, even during illnesses, has been on stage for major events.
How is this going to work for Cook? Hit the break for my take on the situation.
It's been a rough couple of weeks for HP since CEO Leo Apotheker announced plans to spin off their computer division and
discontinued webOS hardware. Everyone everywhere seems to think it is a terrible mistake that will ultimately sink the company. Apotheker asserts that focusing on the software and services business will bring HP back to prosperity, but the rest of the world seems to think it is a terrible decision.
The rest of the world seems to include HP's Board of Directors, as Leo Apotheker was let go only 11 months after joining the company. If you remember, he was brought in to replace former CEO Mark Hurd was terminated
for inappropriate behavior with a contractor. Since taking over, Apotheker has constantly been a source of confusion for those of us who spend our lives covering the industry. After promising a bright future for webOS and then closing the platform, it is no surprise he is out.
Who will replace him? We have her name and history after the break.
Ever wanted to download a full Blu-ray movie in a few seconds? Well, very soon your prayers may be answer and you will be able to thank Verizon for making it happen. Big Red has said this week that it will be accomplishing an industry first when it flips the switch on its already-deployed 100Gbps data connection. You heard right: 100
Gbps. This is technology so fast, that an MP3 file would be downloaded before you could even think of wanting to listen to it.
Unfortunately, those speeds aren't available at your house yet. Why? We have the answer after the break.
Ever wonder what the Russians are up to lately? News has come across my desk this week that sheds a little light on their improved craftiness. A Russian man in his twenties is suspected to be running a cyber crime ring, stealing millions of dollars with bank Trojans and other types of malware.
Trend Micro has reported that this man, named "Soldier," has been able to steal over $3.2 million in only six months, beginning somewhere in January of this year. Just to break it down, that's $17,000 a day!
How did this happen? We have the details after the break.
eBay has managed to sustain a relatively small amount of marketing and advertising since 2006 and it seems they've decided to come out of their shell and launch a new advertising campaign that will address the perception of eBay as a auction service and the mobile aspect of purchasing off the site. This decision was made because the way people use eBay has changed over the years and advancements in technology have imbued smartphones with the power to purchase which companies like
PayPal and American Express know isn't a widely used option right now. Richelle Parham, the chief marketing officer of eBay stated it simply,
We need to change that perception.
What she's referring to changing is the perception of the company as just an auction site. Over the past several years the fixed price items have come to surpass the number of items purchased through auctions. The new ad campaign, which has already aired some commercials, depicts someone purchasing a tablet at a fixed price through eBay which is bringing the mobile purchasing possibility into the mix.
For more on the story and to check out one of the ads, hit the break.