Nokia faces lengthy arbitration over LG patent royalty payments

Last Updated: Tuesday, June 16, 2015, 18:48

Nokia said on Tuesday that South Korea`s LG Electronics has agreed a deal to use the Finnish company`s smartphone patent license but royalty payments will be settled in a lengthy arbitration process.

BSNL aims to launch m-wallet with SBI over next 2 months

Last Updated: Tuesday, June 16, 2015, 18:40

Mobicash Wallet mobile user can pay for various services such as recharge of prepaid cards and mobile/utility bills, book film tickets and shop online.

Nokia, LG join hands, ink smartphone patent licence

Last Updated: Tuesday, June 16, 2015, 17:16

The detailed royalty payment obligations will be subject to commercial arbitration and is expected to conclude within a 1-2 year timeframe. Other terms of the agreement remain confidential.

Sebi orders withholding payouts in select Surana trades

Last Updated: Friday, June 12, 2015, 17:11

The Securities and Exchange Board of India (Sebi) had asked the stock exchanges to "to stop payout in the scrip of Surana Solar for June 10 and 11".

Apple's mobile payments to launch in Britain

Last Updated: Tuesday, June 9, 2015, 02:02

Apple announced on Monday it would launch its tap-to-pay mobile payments system in Britain next month, allowing iPhones to be used to pay at 250,000 locations including London's transit system.

Samsung's new smartwatch to offer mobile payments

Last Updated: Monday, June 8, 2015, 11:05

Samsung would use near-field communication (NFC) technology to support mobile payments on the smartwatch.

Greece, creditors trade barbs over latest EU reform demands

Last Updated: Sunday, June 7, 2015, 20:44

Greek Finance Minister Yanis Varoufakis on Sunday called the proposals "borderline insulting". "It was an aggressive move designed to terrorise the Greek government," Varoufakis told Proto Thema daily.

No transaction fee for Google on mobile phone payments

Last Updated: Saturday, June 6, 2015, 23:44

Google`s service will not receive any fees for the transactions, the newspaper reported, citing unidentified people familiar with the situation. It said Visa Inc and Mastercard Inc have made their "tokenization" card-security service free, which prevents payments services from charging fees to issuers.

Greece ducks Friday deadline by bundling IMF payments

Last Updated: Friday, June 5, 2015, 10:34

"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."

Samsung Electronics to expand mobile payments service to China, Europe

Last Updated: Wednesday, June 3, 2015, 11:01

Tech giant Samsung Electronics Co Ltd said on Wednesday that it will expand its Samsung Pay mobile payments service to markets such as China and Europe after an initial launch in South Korea and the United States later this year.

Hope for RBI nod to payments bank by July-August: Prasad

Last Updated: Tuesday, June 2, 2015, 17:46

Communications and IT Minister Ravi Shankar Prasad on Tuesday said he hopes that the Reserve Bank of India will give permission to set up payments bank by July-August this year.

Snapdeal to allow payment by credit & debit cards on delivery

Last Updated: Sunday, May 31, 2015, 14:46

Under the service, GoJavas will equip its delivery staff to carry POS (transaction) machines to allow users to pay using their credit and debit cards.