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Visa acquires Fundamo mobile payment service

Visa is continuing to gain ground in the mobile payments market with the acquisition of Fundamo, a service that is already prevalent in at least 40 developing markets. Basically, the merger brings together Fundamo’s mobile financial services platform, for customers with little to no access to a bank account, with Visa’s global payments network, VisaNet. The gain for Fundamo users …

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Motorola turns up the heat on RIM

Sprint CEO Dan Hesse and Motorola Mobility CEO Sanjay Jha show off two new devices as part of their renewed partnership in New York City. Bonnie Cha/CNET NEW YORK CITY–Sprint Nextel’s renewed partnership with handset maker Motorola could be yet another blow to BlackBerry maker Research In Motion, as the company struggles to remain relevant among a flood of new …

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