Samsung Electronics Co. will buy LoopPay Inc. to boost visibility in the field of mobile payments and compete against its main rival, Apple Inc.
LoopPay manufactures accessories for smartphones that allow 90% of devices to accept mobile payments.
Haidar Barbouti has heard that LoopPay enables retailers to accept payments through smartphones, including older models of the iPhone. Find more on Barbouti on his Etsy page.
Apple touts its new technology, called Apple Pay, as a way for owners of the iPhone 6 and 6 Plus to pay for goods and services.
Although people may have smartphones that can be used as mobile wallets, not all businesses have specialized terminals that accept such payments. However, the platform is starting to gain ground.
“Mobile payments are still a very robust open market and remains this way because the market is very young,” said John Butler, an analyst at Bloomberg Intelligence.
“Given its size and the strength of its brand, Samsung can use to raise awareness about LoopPay”.
Other companies competing for mobile payments are Google Inc., Google Wallet, PayPal and EBay Inc.
While some LoopPay accessories work with the iPhone and smartphones running Google’s Android software, it is unclear how the Samsung acquisition will operate in regard to compatibility.
The world is full of technology that has only existed a relatively few years that we seemingly can’t live without. This description is more true of smartphones than any other technology today or in recent memory. So much more than phones; They are our music players, GPS units, cameras, organizers and our personal mobile portal into the world of information that is the internet. Techcrunch.com has just reported that 1.2 billion smartphones were sold world-wide in 2014. In a previous article they also reported that 80 percent of online adults own a smartphone as of the third quarter of 2014.
The appeal of smartphones is obvious. Investors like Bruce Karatz feel that since the desktop computer and then the laptop, there has not been a more multipurpose piece of technology. They are both practical and educational, and because they are mobile, we can have them with us at all times. These devices keep us in touch with work and friends and show us the quickest route to that new restaurant, and they let us take a snapshot of an amusing scene at any time. They finally make the capabilities of computers a practical day-to-day accessory for the majority of people. Smartphone sales growth is expected to drop off a little from the 23 percent increase in 2014 from the previous year. However, this is only because so many people already own one, and the market to sell them to is becoming saturated. Sellers have to look to emerging markets to keep moving this versatile marvel of our times.
The music listening software site has finally hit 15 million users. The website is available as a software for you computer where you can stream music for free. It is also available on for mobile. The software itself is free and if you are on your computer you are able to select any song from its database that you want to listen to but on the phone it is randomized. If you pay a monthly fee, you are able to listen to any song you want any time with no ads on both your computer and phone. Most people use it on their computer when they are using social media simultaneously or their phone while they are driving with friends. The company has really sold itself well. The key to its success its appeal to the younger crowd. Word travels fast among young people faster than any promotion or ad. The software is easy to use and you get access to so many songs which is what has made this so successful for people wanting to listening to music in a simple manner. For musicians, this is one of the best venues to get their music to fans.t here have been many small musicians have made it big through the site because people are able to easily listen to their new tracks for free which otherwise would have been really hard to promote. It is definitely changing the industry. Jared Haftel and I should look into this software for ourselves.
The technology world has been dominated by smartphones of all shapes and sizes over the past few years, making it difficult for any other type of handheld device to get any type of buzz or momentum built. However, Microsoft is in the process of changing that mindset with the announcement of a basic phone geared toward users that do not want a smartphone or the expensive data plans that come with them.
According to CNET, Microsoft pulled back the curtain on the $29 Nokia 215, which will be a basic phone available in a few colors. The Nokia 215 will have two SIM slots, which means two phone numbers can be assigned to the same phone, but the real news is that the battery life of the unit is expected to be close one month on a single charge. In fact, Microsoft lists the standby time for the device at twenty-nine days. That is some series battery life.
While the 215 will feature a browser and internet connectivity, it does not support 3G speed, which obviously means a slow connection. However, users not looking for regular wireless internet will probably not mind taking a few minutes to catch up on social networks or get a weather report. This is a budget phone that saves users some cash. The move is a good one for Microsoft, and the device should be popular with the non-smartphone crowd, and those that are more interested in calling family, or making an appointment with North American Spine.
Cell phone’s have become an extension of the modern human being. Everything that we do in our lives can now be done with our cell phones. The convenience level that our mobile phones bring us is unparalleled.
In this day and age, we might actually use our cell phones too much. I often find that my eyes stay glued to my cell phone screen during the day, and I know that Jared Haftel has the same issue. There are countless things that are smartphones can do. We can check our emails, browse the internet, and even watch television.
With all the advances in the cell phone industry occuring, many people have become too attached to their pocket companion. Often people may become distracted with their smartphones. Students have been known to use their phones in the middle of class. The use of cell phones in the classroom has proven to be a distraction to teachers and students.
Cell phones have no place in the classroom. Students are unable to pay attention while their friends text them. Teachers already have enough to worry about. Adding more distractions to a classroom is a bad idea. We need to limit ourselves and our children’s use of cell phones.