Like it or not, the notion of a so-called “cashless society” is only a few implementations shy of reality – and we’d bet (which means we don’t know for sure) that future mobile phones – including the iPhone (future version) – will eventually carry RFID chips (or an equivalent technology) to help ensure your identity when making any kind of payment.
There’s been signs of this before, with banks introducing various account management applications for the iPhone. While these stop short at use of these devices as a payment or debit card at least one major force in the banking industry payment solutions world is working on a solution that does just that.
Needham & Co. analyst Charles Wolf thinks Research In Motion is deluded in its guidance, slamming the firm with an under-perform rating on strength of increased competition from the iPhone and other manufacturers.
Wolf despatched the following message to clients today: “RIM reported second quarter results in line with guidance. The major disappointment was guidance going forward – the prospect of lower gross margins extending through 2010. We believe the company is fooling itself in ignoring the increasingly hostile competitive environment. We’re maintaining our under perform rating and reducing 2009 and 2010 earnings estimates. ”
TuneWiki has introduced a karaoke-like lyric and music syncing app for jailbroken iPhones, iLyricPlayer. The software syncs and scrolls user-generated and edited lyrics in real-time in multiple applications, and also offers some powerful location-based community features. This works by showing user locations on a Google Map, with dots to show other TuneWiki users in an area – and one click’s all it takes for a user to listen in to the YouTube tracks of others in the region. It’s no data harvester though – no additional information about located users is shared, other than location and the song that user’s listening to. There’s already TuneWiki users in 208 countries, apparently, and the developers have already built a beta version of the application for use on Google’s Android mobile platform. Oh, and don’t forget the lyrics, which let users sing along to their favourite tracks and lets them access songs just by browsing a map.
The company’s no fly by night, with VentureBeat reporting its CEO is Amnon Sarig, who served with chairman and co-founder Rani Cohen in the Israeli Air Force, and is also CEO of mSoft inc. Cohen is a former investment banker with Credit Suisse and currently also chairman and CEO of Magnolia Capital in Israel.