PayPal Wooing SMB’s With Payments Service

PayPal is focusing on small businesses, service providers, and casual sellers on the move with its new PayPal Here service which allows vendors to process a variety of payments including checks and cards using their mobile phones.

The new service unveiled Thursday includes a free app and encrypted thumb-sized card reader, which allows merchants with an iPhone, and later Android smartphones, to process payments.

Merchants can accept payments by swiping cards in the card reader, scanning cards and checks using their phone cameras, or by entering card information manually into the app, the eBay unit said. They can also send an invoice and set payment terms, and accept PayPal payments from the app. The check facility is however only available in the U.S.

An iPhone version of the card reader and merchant app is available from Thursday to select merchants in the U.S., Canada, Australia and Hong Kong, with general availability in those countries scheduled for April. PayPal also plans to have an Android version of the merchant app by then. It will announce the availability of the service in more countries soon, it said.

Merchants pay a flat rate of 2.7 percent for card swipes and PayPal payments, while checks will be processed free of charge. Scanning of cards or typing the card information will be charged extra. PayPal Here merchants will also receive a business debit card for access to cash and 1 percent cash-back on eligible purchases.

PayPal will be competing with mobile payment systems from other providers such as Square and Intuit.

The key differentiator for PayPal Here in comparison to other small business mobile payment services is that it comes from a trusted brand in the online payments industry, with more than 100 million customers globally, David Marcus, vice president of mobile at PayPal said in a blog post.

Sprint Ending Lightsquared Relationship

Sprint Nextel will end its planned 15-year 4G network relationship with would-be hybrid network operator LightSquared, the Wall Street Journal reported on Thursday.

The end of the Sprint partnership, which was due to expire on Thursday, would be nearly as big a blow to the foundering LightSquared as the U.S. Federal Communications Commission’s proposal last month to revoke the carrier’s authorization to build a land-based network.

Since the deal was announced last July, Sprint had been planning to host LightSquared’s radio spectrum on its Network Vision infrastructure. LightSquared was to pay Sprint US$9 billion in cash for that hosting and said the plan would save it $13 billion over eight years.

For its part, Sprint had looked to the partnership for extra spectrum on which to run its own planned LTE network. It would get $4.5 billion worth of credits to use some of LightSquared’s spectrum in addition to its own and that of longtime partner Clearwire. Sprint extended the deal twice to give LightSquared more time to win FCC approval for its network.

Sprint will terminate the LightSquared deal on Friday and return $65 million in prepayments by LightSquared, according to the Journal.

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Remote Access Tools Threatens Smartphones

Malware tools that allow attackers to gain complete remote control of smartphones have become a major threat to owners around the world, security researchers say.

In a demonstration at the RSA Conference 2012 here Wednesday, former McAfee executives George Kurtz and Dmitri Alperovitch, who recently founded security firm CrowdStrike, installed a remote access tool on an Android 2.2-powered smartphone by taking advantage of an unpatched flaw in WebKit, the default browser in the OS.

The researchers showed an overflow audience how the malware can be delivered on a smartphone via an innocuous looking SMS message and then be used to intercept and record phone conversations, capture video, steal text messages, track dialed numbers and pinpoint a user’s physical location.

The tools used in the attack were obtained from easily available underground sources, Kurtz said. The WebKit bug, for instance, was one of 20 tools purchased from hackers for a collective $1,400.

The remote access Trojan used in the attack was a modified version of Nickispy a well-known Chinese malware tool.

Learning how to exploit the WebKit vulnerability and to modify the Trojan for the attack, was harder than expected, said Kurtz. He estimated that CrowdStrike spent about $14,000 in all to develop the attack.

But the key issue is that similar attacks are possible against any smartphone, not just those running Android, he said.

WebKit for instance, is widely used as a default browser in other mobile operating systems including Apple’s iOS and the BlackBerry Tablet OS. WebKit is also is used in Apple’s Safari and Google’s Chrome browsers.

Several mobile remote access Trojans are already openly available from companies pitching them as tools that can be used to surreptitiously keep tabs on others.

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Google Had Developed Own Currency

Google once contemplated the idea of issuing its own currency, to be called Google Bucks, company Executive Chairman Eric Schmidt said on stage at the Mobile World Congress in Barcelona,Spain on Tuesday.

At the end of his keynote speech, Schmidt hit on a wide array of topics in response to audience questions. “We’ve had various proposals to have our own currency we were going to call Google Bucks,” Schmidt said.

The idea was to implement a “peer-to-peer money” system. However, Google discovered that the concept is illegal in most areas, he said. Governments are typically wary of the potential for money laundering with such proposals.

“Ultimately we decided we didn’t want to get into that because of these issues,” Schmidt said.

He also hinted that Google might be preparing for a battle in China once its acquisition of Motorola is complete.

“Google’s been willing to take on China pretty well,” he said in response to a question about whether Google expected to continue to ignore theft of Motorola intellectual property in China, as Motorola has been doing. The acquisition hasn’t closed yet, Schmidt noted. “We’ve taken a pretty strong position on IP. We are well aware of the issues and we are considering your question,” he said.

Google is still waiting for some government approvals of its proposed acquisition of Motorola.

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Big Boys Sign Consumer Privacy Pact

Six of the world’s top consumer technology companies have agreed to provide greater privacy disclosures before customers download applications in order to protect the personal data of millions of consumers, California’s attorney general said on Wednesday.

The agreement binds Amazon, Apple, Google, Microsoft, Research In Motion, and Hewlett-Packard — and developers on their platforms — to disclose how they use private data before an app may be downloaded, Attorney General Kamala D. Harris said.

“Your personal privacy should not be the cost of using mobile apps, but all too often it is,” said Harris.

Currently 22 of the 30 most downloaded apps do not have privacy notices, said Harris. Some downloaded apps also download a consumer’s contact book.

Google said in a statement that under the California agreement, Android users will have “even more ways to make informed decisions when it comes to their privacy.”

Apple confirmed the agreement but did not elaborate.

Harris was also among U.S. state lawmakers who on Wednesday signed a letter to Google CEO Larry Page to express “serious concerns” over the web giant’s recent decision to consolidate its privacy policy.

The policy change would give Google access to user information across its products, such as GMail and Google Plus, without the proper ability for consumers to opt out, said the 36 U.S. attorneys general in their letter.

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Nokia To Unveil Cheaper Windows Phone

Nokia debuted a new, cheaper and more budget-friendly smartphone using Microsoft’s Windows Phone software, targeting a wider market for its new range of smartphones.

Cheaper phones are the key for Nokia and Microsoft in their battle to win a larger share of the market, analysts say.

In addition to the new Lumia 610 Nokia will also unveil at the Mobile World Congress trade show in Barcelona a global version of its high-end Lumia 900 phone, which AT&T is scheduled to roll out in the United States, the sources said.

Nokia is set to unveil the phones at a news conference next Monday, on February 27.

Nokia last year dumped its own smartphone software platforms in favor of Microsoft’s Windows Phone, which has so far had a limited impact due to the high prices of phones using it.

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New Chip To Cut Cost Of LTE Smartphones

Chip manufacturer Renesas Mobile has unveiled the MP5232, a processor that will allow vendors to build LTE (Long Term Evolution)smartphones with a price tag between $150 and $300, the company said Wednesday.

The big advantage of the 1.5GHz dual-core processor is that it is a single-chip product that can do both 3G and LTE, eliminating the need to use separate chipsets for the two technologies. A more integrated device results in a cheaper product that takes up less space and uses less power, according to Malik Saadi, principal analyst at Informa Telecoms and Media.

The cost is important, because for LTE to take off, there is a need for smartphones that cost less than current products, according to Renesas.

In addition to smartphones, the MP5232 can also be used to power tablets, said Renesas.

One of the challenges of developing chipsets for LTE is the plethora of frequencies used. Renesas hasn’t specified which bands the MP5232 can handle, but says it is designed to support all major operators and their respective requirements.

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Intel Wants To Deliver Cheap Smartphones

Intel has revealed some additional information on the 2012 mobile strategy to its partners and it even shared some pricing guidelines for mobile products.

According to a slide entitled Mobile Landscape in 2012, Intel wants to sell mobile phones powered by its CPUs for as little as $199 to $299. This is where Intel sees a market opportunity for its phones and the prices are surprisingly low.

It also places netbooks in the same price range $199 to $299 while Intel based tablets should float between $399 and $499. Naturally more expensive options are always a reality. Tablets can go up to 12.1 inches and the starting price for these bigger machines should be $299, and in the high end the sky is the limit.

Hybrid notebooks should stay at less than $699 and this is a category where you can twist the display, slide the keyboard or even take the keyboard off from the netbook, or tablet. Think Asus’ Eee Pad Slider, Transformer, this will give you an idea of what to expect, but with x86 support. Phones, netbooks, hybrids and tablets are all based on Atom architecture.

Intel plans to sell laptops starting at $3xx and up. Probably slightly more than $300, but less than $400 is what they have in mind. Top notch notebooks based on Core i7 chips will start at less than $799 and Ultrabooks with 11-inch or larger screens might be coming down to $599 to $699. Of course, high end models will end up a lot pricier.

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iPhone Adds To Sprint’s Losses

Sprint Nextel posted a bigger loss, reflecting the higher costs of offering Apple Inc’s iPhone. But the loss was smaller than expected because its signed up fewer new customers than expected.

Since Sprint subsidizes the cost of some of its phone sales, its costs rise and profit dwindles the more customers it wins. But since subscriptions fell short of expectations, its loss was smaller than expected.

Sprint’s loss was 35 cents per share excluding unusual items compared with Wall Street expectations for a loss of 37 cents per share, according to Thomson Reuters.

Its profit margin based on operating earnings before interest, depreciation and amortization (OIBDA) fell to 9.5 percent from 16 percent a year earlier but beat expectations for 8.6 percent, according to eight analyst estimates Reuters compiled.

“It’s still unbelievably depressed and subscribers were below expectations,” said Roe Equity Research analyst Kevin Roe who also noted that Sprint’s targets for the full year were not particularly impressive.

The margin decline was hurt by the hefty cost of selling the iPhone.

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Will Samsung Overtake Apple

Yesterday, DigiTimes released its comprehensive Global Smartphone Industry 2012 forecast report, which entails the total number of global smartphone shipments in 2011 along with estimates of smartphone manufacturer ranking by volume in 2012.

According to the report, global smartphone shipments are projected to top 464 million units in the entirety of 2011, with Apple being the top ranking vendor in terms of shipment volume, followed by Samsung Electronics and Nokia. On the Google Android side of matters, it is expected that Samsung will overtake Apple in 2012 as the “world’s largest smartphone vendor by volume.” In addition, HTC will overtake Nokia for the third-place spot.

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