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Business, Financial & Legal Posts - Page 56

Amazon plans to process payments for start-ups and other businesses

Amazon has announced a new plan that will allow it to compete more directly with PayPal. Amazon plans to start processing payments for startup companies and other firms. The service will launch soon and allows over 240 million active users to use the credit card details stored on Amazon to pay for services.

 

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Services that users can pay for using Amazon's new payment service including things like monthly phone bills, digital music subscriptions, and more. Amazon will charge a fee for each transaction. Amazon currently acts as the middleman for a number of companies and this move will broaden that role.

Continue reading 'Amazon plans to process payments for start-ups and other businesses' (full post)

World cup TV revenues lower than expected for FIFA, IHS warns

With sales revenues for the World Cup 2014 finals lower than expected so far, FIFA is tipped to arrange more pay TV deals for future football events.

 

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The soccer association's reported revenue for 2014 finals sales is at 1.733 billion dollars. Europe makes up half of the total, followed by Asia and North Africa at 22 percent. Although the figures are hardly paltry, according to analyst company IHS they're less than expected and a lack of growth for TV rights for the finals could lead to more pay TV deals in the future.

 

And although there's not much of a question about Brazil's dedication to the world of soccer, timezone differences may impact viewing figures in key markets, according to IHS.

Continue reading 'World cup TV revenues lower than expected for FIFA, IHS warns' (full post)

Ex-Microsoft, Valve exec joins Oculus VR as Head of Platform

Oculus VR continues to be a black hole for some of the best talent in the industry, with Jason Holtman joining the team that is now under the wings of Facebook. Holtman has both Microsoft and Valve on his resume, so this is a nice addition to the Oculus VR team.

 

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Holtman will lead the business development and partnership of Oculus VR "with a focus on building the world's best developer and player VR ecosystem". During his introductory post, Holtman talked of his love for Battlezone, which was a green-and-white wireframe game on the Atari in the early 80s.

 

He wrote: "Battlezone is widely regarded as one of the first VR games, and looking back, those mountains still excite me. I want to fly, walk across alien landscapes, and nose around the Great Pyramids. And that's the most telling thing about VR: the possibilities are obvious, immediate, and endless. So, I'm humbled to become a part of this team. I'm not one of the pioneering scientists or engineers in virtual reality, but I am one of the people that can't stop grinning every time I see something new inside the headset, and I'm looking forward to helping shape the transformative experiences that inspire the next generation of developers".

Continue reading 'Ex-Microsoft, Valve exec joins Oculus VR as Head of Platform' (full post)

Content providers still worried about consumer cord cutting behavior

Even though traditional pay-TV operators added subscribers during the first quarter, U.S. consumers are still exploring the possibility of "cord cutting," instead choosing Netflix, Hulu, and other video content services. Around 15 percent of adult broadband users currently subscribing to cable and satellite pay TV services are likely to cancel service within the next six months, according to the TDG Research firm.

 

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"TDG has been researching the 'cord cutting' phenomenon for more than six years, thus giving us a unique historical perspective on the subject," said Michael Greeson, TDG president, in a press statement.

 

Intense promotional offerings, seasonal additions, and special offers have given pay-TV operators a reprieve, and there aren't legitimate pay-TV alternatives at the moment. Companies such as Amazon, Apple, Google, Microsoft, Netflix, Hulu, and others are providing video content to customers - in addition to premium content providers like HBO and Showtime - but changes will need to continue.

Newegg plans to expand to six new countries in near future

Popular hardware and software retailer Newegg plans to expand even further overseas, targeting India, Ireland, Netherlands, New Zealand, Singapore and Poland this time around. Newegg currently serves the United States, Canada, United Kingdom and China, with tech shoppers hoping to see the company expand further.

 

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To ease into these international markets, products will initially ship from the United States, but local distribution centers will be the next step. Expanding overseas will allow Newegg to compete with Amazon and local e-tailers focused on hardware and software in what were carefully selected markets.

 

Meanwhile, Newegg is still evaluating whether it would be feasible to accept bitcoin payments, after a growing number of customers request cryptocurrency payment. It's unknown when Newegg will make a final decision as to whether or not bitcoins will be accepted.

National Science Foundation researcher suspended for bitcoin mining

A researcher from the National Science Foundation (NSF) can no longer work with the U.S. government following his decision to use supercomputers to help mine for bitcoins. The researcher in question mined $8,000 to $10,000 in bitcoins, as the popular cryptocurrency becomes increasingly difficult to mine. To try to conceal his identity, the employee accessed computers remotely, including a European mirror site, in an effort to stay anonymous.

 

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A single bitcoin is worth about $654, though the value of the volatile cryptocurrency continues to change frequently.

 

" We received reports describing a researcher's abuse of NSF-funded supercomputing resources at two universities to conduct bitcoin mining activities," the NSF March report claims. " Bitcoin is a virtual currency that is independent of national currencies, but it can be converted into traditional currencies through exchange markets. It is generated or 'mined' through a process that is by design computationally intensive.

Continue reading 'National Science Foundation researcher suspended for bitcoin mining' (full post)

Uber announces massive new capital investment of over $1 billion

Smart device taxi app Uber has managed to raise $1.2 billion in new capital investment, bringing its total value up to a staggering $17 billion.

 

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In a blog post, Uber detailed how in four short years the company has gone from a San Francisco startup to operating in 128 cities in 37 countries worldwide.

 

In the same post, the company modestly boasted that it's "creating 20,000 new jobs per month and powering billions in economic impact in cities around the world, while also improving the environment, reducing DUI rates and fueling urban economic development."

Continue reading 'Uber announces massive new capital investment of over $1 billion' (full post)

iOS 8 brings the ability to enter a credit card data using the camera

If you shop online using your phone a new way to get your credit card details into the website using Safari is coming. In iOS 8 users will get the ability to take a photo of the credit card using the iPhone camera and put the credit card data directly into the website you are shopping with.

 

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That will be much faster than having to type in credit card information each time you want to buy something. You can type in credit card details now and have them stored in the operating system for use later.

Continue reading 'iOS 8 brings the ability to enter a credit card data using the camera' (full post)

Canon Irista online photos storage service launches

Canon is one of the biggest names in photography equipment and makes cameras that range from entry-level budget units up to professional cameras costing thousands and thousands of dollars. Canon has announced something new that isn't a camera, but is a place where photographers can store their photos online. The new photo storage service is called Irista.

 

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Irista is designed to compete against other similar storage services like Picasa, Flickr, Dropbox, Google Drive, and iCloud. The big difference is that Irista is only for storing photos and can't be used to store documents like the other services can. A range of photo file types are supported.

Continue reading 'Canon Irista online photos storage service launches' (full post)

Vodafone says phones on its networks in 29 countries are tapped

European wireless carrier Vodafone has made a startling admission recently. Vodafone has said that phones on its networks in 29 countries where it operates are tapped right now. The carrier has admitted to secret taps performed by government agencies in many countries are used to listen to conversations on the company's networks.

 

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The revelation came in the form of a 20-page report that outlined surveillance by governments titled Law Enforcement Disclosure. Vodafone is the world's second largest mobile operator only surpassed by China Mobile in size.

Continue reading 'Vodafone says phones on its networks in 29 countries are tapped' (full post)

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