TechTaffy

tech:

taffy

Visa, Intel Form Mobile Commerce Alliance

By TechTaffy Desk

[Techtaffy Newsdesk]

BARCELONA, SPAIN – Mobile World Congress

Visa and Intel have formed a strategic agreement to develop mobile commerce solutions tailored to consumers in developed and developing countries. During a press conference at the Mobile World Congress currently being held in Barcelona, the companies outlined their collaboration across Intel Atom-based smartphones and tablets.

John Partridge (President, Visa): Visa’s agreement with Intel paves the way for financial institutions around the globe to offer their account holders mobile payments and financial services using innovative mobile devices and technologies designed by Intel.

Visa has certified Intel’s Smartphone Reference Device powered by the Intel Atom processor Z2460 for use with Visa payWave (Visa’s mobile payment technology that enables consumers to make payments at retail locations by waving their mobile phone in front of a payment terminal.) This will enable turn-key implementation for OEMs delivering NFC (Near Field Communication)-enabled smartphones.

The Intel Smartphone Reference Device will host the Visa payWave payment application and feature NFC technology. When used in combination with a Visa-compliant UICC, smartphones based on the Intel Smartphone Reference Device handset can be enabled to connect to Visa ‘s mobile provisioning service.

 

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.