It was no surprise to discover recently that everybody’s favourite web behemoth Google, now has its eyes firmly set on m-commerce. After all, it’s running out of sectors to dominate. The firm recently applied for a patent to cover technology that, um, well, Sneak thinks it’s something to do with SMS texts and billing.
The patent application describes a system which includes “receiving at a computer server system a text message from a payor containing a payment request representing a payment amount sent by a payor device operating independently of the computer server system, determining a payment amount associated with the text message and debiting a payor account for an amount corresponding to the amount of the payment request, and crediting an account of a payee that is independent of the computer server system”.
Apart from being the longest sentence Sneak has ever read – and he’s met some cunning linguists in his time – this could be bad news for any minnows in the mobile payments space. Now, if you’ll excuse Sneak, there are some shares I need to buy…
Australian government to require technology and communications companies to provide access to messages
New bill avoids demanding 'backdoors' in encryption, but includes measures to compel companies to provide access to encrypted communications
Indonesian overclocker Ivan Cupa (with the aid of a lot of liquid nitrogen) achieves record overclock on AMD's latest Threadripper
Ssupermassive black hole is so big it corresponds to four per cent of the galaxy's total mass
Imminent attack will target a single bank with cloned cards used to fraudulently withdraw millions over one weekend