DevX has launched a new portal site dedicated to BREW.
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Month: June 2002
AB reports that PayPal has disclosed that it is under investigation by the Hong Kong Monetary Authority.
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IFX 1.3 Specification is published
The latest update to the Interactive Financial Exchange (IFX) specification has been published.
An article by Albert Crenshaw in his Washington Post “Cash Flow” column talking about credit vs. debit cards, etc.
Julian Bond pointed to this brief article about how Google generates new ideas internally on its intranet.
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Simon Fell: blogToaster
Simon heard my call for alerts when my favorite weblogs update! Thanks!
Barrons this week reports on Art Samberg and Neal Goldman’s recommendations of Hypercom.
But the prime driver of growth, Neal insists, will be card-processors and merchants upgrading their old POS systems because of compelling economic reasons. Hypercom’s new ICE systems with signature verification, for instance, greatly reduce fraud. These systems have slugs of memory, so that customers with “loyalty” programs, such as supermarkets and drug chains, can not only process payments but can also keep track of members’ purchases and points or discounts. And the machines can electronically record receipts, so merchants needn’t store thousands of paper receipts to protect themselves from chargebacks. (If a charge is disputed and the merchant can’t produce a receipt, he must absorb the entire cost of the purchase.)
The AP is reporting tonight that Citibank has reached an agreement with New York State Attorney General Eliot Spitzer to block all online gambling transactions that use its credit cards.
Citibank, the nation’s largest credit card issuer, has agreed to block all online gambling transactions that use its credit cards, the state attorney general said Friday.
The agreement announced by the bank and Attorney General Eliot Spitzer is expected to significantly reduce illegal, underage and potentially addictive Internet gambling, Spitzer said. It applies to all Internet gambling transactions, not just those in New York.
The New York Times is reporting on the story in its Saturday edition.
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Business Week reports on Verizon
BREW-partner Verizon is the subject of a profile in this week’s Business Week.
To upgrade its wireless network and deliver promising new data services, Verizon may need to tap the capital markets, and a downgrade would make it more costly. “That’s problematic anytime, but it’s especially troublesome for a phone company facing declining revenue growth,” says S&P’s Rosenbluth. In a statement, Verizon expressed confidence that its rating would remain unchanged. “We feel that any review of our company will bear out that we are better positioned to take advantage of changes in the industry than any other telecom company,” said Doreen Toben, Verizon executive vice-president and CFO.
SRI International is proposing equipping each phone with a “digipeater” capability allowing it to receive and retransmit signals from nearby phones.
SRI, which has been developing technology in its labs for almost 60 years, has software that when implemented in a wireless handheld device allows the handset to continue working even when the network is down.
SRI’s PacketHop software is embedded in the phone. The signal of the device then jumps from handset to handset -ˆ which must also have the software -ˆ until it reaches its final destination. Theoretically, it could work from New York to California if there were enough phones lined up in the right places. Realistically, this would be a solution for short-distance calls.</blockquote.
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