RIM Receives Approval from Visa for NFC Mobile Payment Solution

Olympic triathlete Simon Whitfield made the first mobile credit card transaction using Rogers Suretap on a NFC-enabled BlackBerry smartphone.

Research In Motion announced that its Secure Element Manager (SEM) solution for NFC (Near Field Communication) mobile payments has been approved by Visa. RIM’s SEM is the backend solution for carriers that can securely manage credentials on SIM (subscriber identity module) cards installed in all types of NFC-capable mobile devices.

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Motorola Mobility cuts 800 jobs prior to Google acquisition

By Gadjo Cardenas Sevilla

Motorola Mobility will let go of 800 people in preparation to the acquisition by Google. The job cuts will cost around $27 million in severance as well as $4 million for factory closures according to a report form Bloomberg Businessweek.  Google is purchasing Motorola Mobility for $12 billion, the acquisition was announced on August 15th.

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