Ericsson Dishes Out its Own Mobile Payment System
Telecom gear provider Ericsson today announced a completely home-grown mobile payment system. Ericsson Money Services is a new business line for Ericsson which it says will be used to facilitate person-to-person and person-to-machine payments via mobile devices. The product is a complete system that network operators, financial institutions and handset makers can implement for seamless mobile payments. Ericsson says it has been trialling the system in European and Asia markets and that it meets all relevant legal, safety and security requirements. Ericsson says payments can be sent via SMS or other avenues, depending on the network operator and financial institution.
Apple and Ericsson Sign Patent Accord, Settle Lawsuits
Apple and Ericsson have signed a patent-licensing agreement and put an end to on-going patent litigation between the two. Ericsson said the deal is broad and covers 2G, 3G, and 4G LTE technologies.
Ericsson to Dump Mobile Modem Biz
Ericsson today said it will cease to make wireless modems for mobile devices and cut about 1,000 jobs as a result. Ericsson cited fierce competition in the space as playing a role in its decision.
Microsoft May Give Windows 10 Mobile Payments
Microsoft is weighing what to do with the mobile wallet app that's part of the Windows 10 Mobile platform. The operating system already has a basic wallet app (since Windows Phone 8) for storing credit card and loyalty card data, but it stops short of making mobile payments.
Zelle Promises Quick P2P Payments Via Mobile Banking Apps
Many of today's popular mobile banking apps will soon support a rapid person-to-person (P2P) payment feature through a new service called Zelle. Zelle, developed by Early Warning Systems, is supported by more than 30 of the nation's largest banks for sending funds from one person to another.