Intel and UnionPay to develop new mobile payments platform
Intel has announced a new collaboration with China UnionPay, the only domestic bank card organization in China. The two companies will work together to create a new, secure platform for mobile payments. China has become a hub for mobile technology and many consumers are beginning to show strong favor for mobile commerce. In order to accommodate the needs of consumers, UnionPay has begun to take the issue of mobile payments more seriously.
Intel to leverage its security technology for new platform
Security is one of the major challenges that continues to serve as a roadblock to the widespread adoption of mobile payments. Mobile devices are beginning to traffic a significant amount of valuable financial information. This information has become a very attractive target for hackers and malicious groups looking to exploit this information. To address the security problem, Intel leveraging its Identity Protection Technology for the new mobile payments platform. UnionPay accounts for 3.5 billion bank cards, which are accepted in at least 141 countries around the world. Providing these consumers with a secure way to engage in mobile commerce may help mobile payments finally attain the momentum needed to begin replacing more conventional forms of commerce.
UnionPay showcases NFC-based mobile commerce service
UnionPay has also begun showing off its Quick Pass service, which in a mobile commerce service that makes use of NFC technology. More than 1.1 million NFC-enabled point-of-sale terminals were installed in December of 2012 in order to serve as an infrastructure for the Quick Pass service. This service is meant to perform alongside the mobile payments platform that Intel and UnionPay are currently developing.
Mobile commerce continues to find success in Aisa
Mobile commerce has found a great deal of traction in the Asian market. With mobile technology penetration high in many sectors of the market, mobile commerce has been able to establish a strong foothold in several countries. There are, of course, security concerns regarding the widespread adoption of mobile commerce, but companies like Intel and UnionPay are working to put these concerns to rest through the establishment of adequate security systems that will protect a consumer’s financial information.
Intel looking to take a swing at mobile technology
The world of mobile technology may soon become more complicated as Intel looks to enter into the mobile space. Intel is the world’s leading producer of chips for PCs, with virtually every PC in the world equipped with some form of processor developed by Intel. Intel recently announced that it is beginning to develop chips for mobile devices, looking to expand its portfolio and become more dominant in the world of mobile technology. Intel’s endeavors have set it on a crash course with Qualcomm, the leading producer of chips for mobile devices.
Qualcomm may soon have serious competition in mobile chipsets
Qualcomm has been the leader in mobile chip development for some time. The company’s chips can be found in the vast majority of smartphones and tablets. Intel has taken note of the growing popularity of mobile technology, coming to expect that smartphones and tablets may one day replace PCs. In order to retain its strong presence in the world of computing, Intel is developing a new line of chips for such devices, but this endeavor may cause a rift throughout mobile technology.
New chipset could make cross-platform development difficult
For years, developers of mobile applications and hardware have benefitted from the fact that Qualcomm owns a majority share of the mobile technology market. The company’s chips allow for synergy between all mobile devices, making it easier for developers to create cross-platform software. Intel’s entry into the mobile technology field may create some problems for developers in the future. Because there will be obvious differences between the chips that Intel and Qualcomm develop, developers and mobile device makers will have to adopt, creating software and devices that are based on the respective chips coming from each company.
Intel mobile chips may cause rift in mobile technology
Intel’s presence in the world of mobile technology could put an end to rampant cross-platform development. Last year, Intel launched its first mobile chipset, but it received some criticism due to lackluster performance. Intel is currently working to make chips that are more capable of meeting the demands of modern technology and consumers. Intel plans to launch a new chipset relatively soon, which means that the day is coming when consumers will have to question whether their favorite mobile applications will actually work on a new smartphone or tablet that makes use of Intel chips.
