Monday, December 11, 2017

Visa Invests Undisclosed Amount In Klarna

Global card network Visa has officially announced as of yesterday (June 27) news that it will be investing an undisclosed amount in Klarna AB, the payments technology firm from Sweden.

ACI Worldwide Launches Alipay In South Africa

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced the launch of Alipay in South Africa, via leading regional payment service provider Peach Payments.

Building Up eCommerce Strength

Can software development be the ultimate workout program for an eCommerce business? With new capabilities that allow companies to target or understand consumer behavior better than ever before, businesses of all shapes and sizes are looking to build up their software strength.

Square UK Teams Up With Vend, TouchBistro

The U.K. is learning that it’s hip to be Square.California-based Square was founded in 2009 to enable small- and medium-sized businesses (SMBs) to accept credit and debit card payments. It launched in the U.K. in March 2017 and, in the ensuing 12 weeks, has teamed up with 16 partners there. Today, June 28, it adds Vend and TouchBistro to that list.

USA Technologies Lands JuiceBot As A Client

USA Technologies, a payment technology provider of cashless and mobile transactions in self-serve retail, announced Monday (June 26)  that it is partnering with JuiceBot, a California-based technology company.

Verifone and Sage Partner To Bring More To POS

Verifone and Sage recently announced a partnership to offer integrated point-of-sale (POS) and business accounting solutions on Verifone Carbon 8.

In the News: Apple-Westpac Relationship Sours

American multinational technology company Apple and Westpac, the Australian bank, have seen their relationship deteriorate after Apple told the bank to disable a new feature on its mobile app that allows customers to transfer money to friends through chat applications.

Currencycloud Partners With Hyundai Card

Cross-border payments platform Currencycloud and Hyundai Card, South Korea’s digital pioneer company, recently announced an exclusive partnership to enable the launch of Korea’s first mobile remittance service provided by a credit company. In a press release, Currencycloud said the service — established with Hyundai Motor Group’s credit issuing arm in conjunction with Korea’s long-standing Shinhan Bank — allows users to wire their money overseas with fewer process steps and lower fees than similar services in the market. “With just a few touches on the mobile phone, people will be able to remit their money using their credit card account,” said Wookyung Chang, head of Hyundai Card’s digital strategy department. “This will open the new era of personalized digital financial services in Korea.”

Coinbase To Reimburse From Ethereum Crash

GDAX, the digital currency exchange operated by Coinbase that saw the price of cryptocurrency Ethereum drop in a flash crash last week, is reimbursing customers.

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Quintech Exec on Where Software-Defined Radios Fit in Satellite

A soldier uses a Harris manpack radio. Photo: Harris.Quintech Electronics & Communications recently announced that a government contractor will use its Nexus-4 16 port mesh test matrix switch to expedite development of its Software-Defined Radio (SDR) systems. In an interview with Via Satellite, David Chan, Quintech’s vice president of sales and marketing, explained why SDR is critical to the satellite systems of today and the future, and how Quintech plans to position itself as the technology grows in use and capability.

Boeing Reports Strong Earnings in the Second Quarter

Logo atop Boeing headquarters. Photo: Boeing.Boeing reported a pop in earnings and operating cash flow in the second quarter of this year, driven by improved operating performance, according to the company. Revenue for the its network and space systems division came in at $1.7 billion, with operating margin increasing to 9.1 percent. Backlog for the full defense, space and security division was $58 billion, of which 37 percent represents orders from international customers.

Norwegian Microsatellite Deploys Antenna for VHF Data Exchange

Rendition of Norsat-1. Photo: ESA.The Norwegian Space Center has announced successful deployment of critical antennas and probes on the NORsat 1 and NORsat 2 microsatellites built by Canada’s Space Flight Laboratory (SFL), which launched on July 14 from Kazakhstan. Most notable was deployment of a large Yagi antenna from NORsat 2 that will provide first-of-its-kind Very High Frequency (VHF) Data Exchange (VDE) from space, according to the Norwegian Space Center.