Tag: technology news

Though rumors have been circulating that the company would get back into mobile devices, they have been denied.

Technology news reports have been made, suggesting that Nokia has been interested in stepping back into the world of smartphone manufacturing, but according to the company’s own officially released statements, those reports are nothing more than rumors.

The communication technology company based in Finland has denied the claims in a very direct way.

The technology news statement from Nokia was very straightforward in the language that it used to restate that it does not have any intentions to either manufacture or sell smartphones within the consumer market. The sources that were cited in previous reports were anonymous and had claimed that the company could be making its way back into consumer smartphones as soon as 2016. That said, the company did not tiptoe around the subject, but rather took a very direct stance at shooting that idea right out of the water.

Nokia’s technology news statement acknowledged the reports and said, under no uncertain terms, that they are not true.

About the reports that Nokia would be making consumer mobile devices in a Chinese R&D facility, it stated that “These reports are false, and include comments incorrectly attributed to a Nokia Networks executive.” Later, to be certain that it had made itself absolutely clear, it went on to add that “Nokia reiterates it currently has no plans to manufacture or sell consumer handsets.” Obviously, this statement leaves very little room for doubt about the company’s present plans.

Indeed, the statement did use the term “currently”, which does imply that one day the intentions of the company could change, but it also shows that at the moment, among all of the plans that the company may be making, entering the consumer smartphone market is not one of them.

Among the drivers behind the false technology news reports was the upcoming expiration of the agreement that exists between Nokia and Microsoft, which stated that Nokia is not permitted to use its brand name on cellular phones until the close of the last quarter of 2016.

Samsung has confirmed that it will be acquiring LoopPay

Samsung has announced that it will, indeed, be acquiring mobile payments technology firm LoopPay. Rumors concerning this acquisition have been circulating for some time, bolsters by Samsung’s growing interest in mobile payments. The acquisition is expected to help Samsung better compete in the mobile commerce space, which has become filled with companies that are seeking to gain the favor of mobile consumers throughout the world. The acquisition may also hint at Samsung’s future efforts in the mobile commerce space.

Firm develops technology that can turn conventional point-of-sale systems into mobile payments terminals

LoopPay develops technology that is capable of giving 90% of conventional point-of-sale systems the ability to accept mobile payments. This technology has become quite valuable, as more retailers are looking to accept mobile transactions in their physical stores. Many of Samsung’s most recent devices are able to conduct mobile transactions, but relatively few retailers support these payments physically. That is changing as mobile commerce continues to prove that it is a powerful force, pressuring more retailers to embrace mobile point-of-sale systems.

Samsung may be developing its own mobile payments system in order to compete with other companies

Samsung is rumored to be developing its own mobile payments platform, called Samsung Pay. This platform is likely to be based off technology developed by LoopPay. This technology would be used by retail partners in order to accept mobile payments through the new service. Samsung has not yet revealed details concerning this potential platform or whether or not it will be working with retailers to launch a new mobile payments service.

Competition may be difficult, as other companies have a well established place in the mobile commerce field

Samsung has been relatively slow to enter into the mobile commerce field on its own. The company is currently set to compete with others, such as Apple and Google, in order to gain the favor of mobile consumers. Competition is likely to be fierce, as both Apple and Google already have a well established presence in the mobile payments space.