MasterCard (MA) to Acquires Mobile Wallet Company C-SAM StreetInsider.com (subscription) At Mobile World Congress, MasterCard (NYSE: MA) announced it has entered into an agreement to acquire C-SAM, Inc.
O2 Mobile Wallet - Why are wallets failing? Bobsguide (press release) January saw the curtailment of the first big mobile wallet programme to hit the marketplace, after O2 said that it was withdrawing its service.
CreditCards.com tested three of the most popular mobile wallet systems out there today: Google Wallet, Square Wallet and PayPal. While all three have similar...
MasterCard, Visa back smartphone payment Financial Times The US credit card groups on Wednesday announced separately their support for a type of technology that could resolve longstanding industry disagreements over how to develop mobile wallets...
Fantastic Read: Semiconductor startups got expensive in part due to the cost of masks. The most interesting problems are very complicated and complexity is expensive -- verification is the biggest expense. Cheap things don't create enough value for startups to differentiate themselves, and it's harder these days to take big companies by surprise given the complexity of delivering new products.
There will not be a robust pipeline of startups ever again, so innovation has to come from other places.
One challenge is to figure out how to harness the resources of large corporations.
VC Experts provides data on private company valuations, share prices, deal terms of financings, as well as industry leading information and documentation for participants in the Private Equity & Venture Capital industries.
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SEC Alert and Report on questionable Fund managers and their stated strategies
Patent trolls are often the buyer of last resort for an inventor.
Richard Platt's insight:
Rethinking the value of "Patent Trolls" after this article - well written and worth reading, particularly if you're an individual inventor. However the part that is left out is that is some of the strategy and tactics of some Patent Trolls...er....Patent Aggregators, I've seen some of their tactics and not all of them are white knights, despite the praise that this article levies upon Patent Trolls
As companies innovate and transform in an increasingly digitised world, 'chief financial and technology officers' or 'CFTOs' are becoming a corporate necessity for some, according to a senior EMC executive.
Richard Platt's insight:
A techno-finance chief, now that would be interesting
Dell's Chief Financial Officer Brian Gladden is leaving the computer company to pursue other career interests. Dell Inc. named Thomas Sweet as Gladden's successor. Sweet, 54, was also named senior vice president.
Richard Platt's insight:
There may be some finance positions opening up at Dell...just saying
The ABCs of Google Wallet and Apple's Passbook CIOL The guide presents best practices and use cases for retailers looking to leverage mobile wallets - Apple's Passbook and Google Wallet - which are proven to effectively increase user engagement and...
Google's already embraced NFC for mobile payments, and it's now ready to do some sharing as well. That comes in the form of the new Android Beam feature for Ice Cream Sandwich, which the company just announced at its joint event with Samsung in Hong Kong. Much like HP's ill-fated Touch-to-share functionality, it will let you simply tap two NFC-enabled devices together to share a piece of information. That will work with a range of apps and services in Android, including YouTube videos, contact information, maps, web pages, and even links to apps in the Android Market. Check out this great demo video.
What business owners need to know about these developing technologies.
You've probably seen the acronym NFC but might not be clear about what it is and why there's been so much hullabaloo about it. NFC stands for near field communications -- a secure radio technology that enables two devices to wirelessly trade data when they are within about five centimeters of each other.
One example of NFC is the Chase Blink credit card, which includes an NFC chip and enables users to wave their cards in front of an NFC-enabled point-of-sale terminal instead of having to swipe it.
For many businesses, the goal is to use NFC to turn smartphones into "mobile wallets," meaning you would need only your smartphone, not your credit card, to make payments. Some of the major credit card companies, banks and cellular carriers have created an international mobile wallet standards consortium called Isis. Similarly, Google has developed its own set of mobile wallet standards, called Google Wallet.
U.K.-based telecommunications research firm Juniper Research has predicted NFC-enabled payments will total $180 billion by 2017. But this number just begins to illustrate the paradigm-shifting changes at retail NFC can bring.
More good to know stuff on NFC and QR codes as this is important data transfer protocols for wearables and other IoT devices, might want to read up on that....just saying
"The rapid exchange of data needed to maintain competitiveness demands access to multiple, fluid sources of information. Crowdsourcing helps this happen."
Excerpts, 3 examples:
Anheuser-Busch (AB)– The world’s leading brewer, ...sought customer input to develop a brand more attuned to craft-beer tastes. Development of Black Crown, a golden amber lager, combined a competition between company-brewmasters with consumer suggestions and tastings; this project had more than 25,000 consumer-collaborators.
Coca-Cola– Coke now uses a more open business model, assuming an increasingly prominent position in corporate crowdsourcing. Its open-sourced “Shaping a Better Future” challenge asks entrepreneurs to create improvement-ventures for the project-hubs of youth employment, education, environment and health.
ucts more effectively, once again tying social media to co-creation.
Unilever– Despite its globally-recognized and respected research staff and facilities, Unilever understands the value of collaboration with innovative partners from outside the firm. It seeks external contributions from anyone with useful input into such diverse project challenges as storing renewable energy, fighting viruses, reducing the quantity of sodium in food, creating cleaning-products that pollute less.
Click the title to see the full list of 5.
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Here are some current, corporate examples of crowdsourcing, which is also finding its way to government and non-profits as well. Some say that anything corporate, or having top-down management of the project or guidance from an external organisation for solely commercial constructs is not crowdsourcing.
Regardless, now that complex, adaptive systems has arrived as a part of the conversation, along with terms like M4IS2 (Multinational, Multiagency, Multidisciplinary, Multidomain Information-Sharing and Sense-Making) - crowdsourcing will have a chance to prove if it is a sign of our times, including concepts of creative destruction and reinvention. ~ D
Here are some current, corporate examples of crowdsourcing, which is also finding its way to government and non-profits as well. Some say that anything corporate, or having top-down management of the project or guidance from an external organisation for solely commercial constructs is not crowdsourcing.
Regardless, now that complex, adaptive systems has arrived as a part of the conversation, along with terms like M4IS2 (Multinational, Multiagency, Multidisciplinary, Multidomain Information-Sharing and Sense-Making) - crowdsourcing will have a chance to prove if it is a sign of our times, including concepts of creative destruction and reinvention. ~ D
Google is amping up its investing efforts, today announcing Google Capital, a "growth stage" investment effort that has already put money into..
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One more Corporate VC enters the game - Google Ventures will invest in technology companies that are early or mid stage. Tech companies that are looking to accelerate growth after proving product-market fit could call Google Capital instead for a larger check.
Last month, Hewlett-Packard announced they were launching two “phablets” or voice-enabled tablets in India under the HP VoiceTab brand. This came a year and a half after Hewlett-Packard CEO Meg Whitman hinted at it in an interview with Fox Business News. As you would expect after the “voice tablet” launch, [...]
Richard Platt's insight:
Very interesting take on HP's Phablet strategy for India, worth a read
Mobile technology, the internet, and globalization are powerful tools in eradicating poverty through microfinance loans, which have funded half a billion people and counting.
Glooko has raised $7 million from Samsung Ventures and Lifeforce Ventures, as well as existing investors including The Social + Capital Partnership, Sundeep Madra and Yogen Dalal.
The 3D printing industry received another shot in the arm yesterday with the announcement of a mutual fund that is focused on the industry. The fund will trade under the TDPIX symbol and requires an initial minimum investment of $2500. This is the first fund for Outlook Advisors, a portfolio [...]
In order to increase your odds for receiving funding, here are some criteria considered by venture capitalists.
It's easy to dislike angel and venture capitalist investors. For entrepreneurs looking to raise capital for their start-up businesses, these early-stage investors can be awfully hard to find, and when you do find them, it's even tougher to get investment dollars out of them.
But, think again: angels and venture capitalists (VCs) are taking on serious risk. New ventures frequently have little or no sales; the founders may have only the faintest real-life management experience, and the business plan may be based on nothing more than a concept or a simple prototype. There are good reasons why VCs are tight with their investment dollars.
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