Technology News

U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza

(Reuters) - Fidelity National Information Services Inc (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. The financial technology sector is consolidating fast, with global payments set to reach $3 trillion a year in revenue by 2023 as more people switch from cash to digital payment...

18 Mar 2:59 PM 0 Read More...

Tech giants will have to be regulated in future: EU's Timmermans

BERLIN (Reuters) - The European Union and authorities around the world will have to regulate big technology and social media companies at some stage to protect citizens, the deputy head of the European Commission said on Monday. First Vice President Frans Timmermans said introducing regulations would work better if online platforms, such as Google and Facebook, worked with authorities. Big tech has been criticized by...

18 Mar 2:52 PM 0 Read More...

India's RCom pays 4.6 billion rupees owed to Sweden's Ericsson

(Reuters) - Ericsson has received 4.62 billion rupees ($67.42 million) from Indian telecoms firm Reliance Communications Ltd (RCom), the Swedish company said on Monday, potentially saving billionaire Anil Ambani and two RCom directors from a jail term. Late last month, India’s top court found Anil Ambani, chairman of the debt-laden firm, guilty of contempt of court for wilfully failing to pay the Swedish telecom eq...

18 Mar 1:01 PM 0 Read More...

Apple launches 10.5-inch iPad, updates Mini ahead of March 25 event

(Reuters) - Apple Inc in a surprise move on Monday launched a new 10.5-inch iPad Air and updated its 7.9-inch iPad Mini ahead of its March 25 event. The new iPad models are already available for order at apple.com and in the Apple Store app in the United States and the UK, along with a few other countries. The 10.5-inch iPad Air, which includes Apple Pencil, starts at $499 for the WiFi model and $629 for the WiFi plu...

18 Mar 12:57 PM 0 Read More...

With high-tech glasses, Japanese ALS patient makes the beat go on

TOKYO (Reuters) - The music booms and lights flash as Masatane Muto, a wheelchair-bound disc jockey, uses is eyes to put on a show at a recent Tokyo music festival. Muto, who lost the use of his hands to Lou Gehrig’s Disease, wears a pair of high-tech glasses connected to an app that controls music-mixing software. “Through my performance, I hope to show that everybody should be given the chance to express thems...

18 Mar 12:51 PM 0 Read More...

U.S. fintech to buy Worldpay as electronic payments business booms

(Reuters) - U.S. fintech Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, the biggest deal to date in the fast-growing electronic payments industry. The deal is part of a wave of consolidation in the financial technology sector as firms seek to bulk up on payment systems that are increasingly used for online and high street sales. “Scale matters in...

18 Mar 12:49 PM 0 Read More...

Xerox says exploring potential deal for financing business

(Reuters) - Xerox Corp said on Monday it was exploring the possibility of a “strategic transaction” for its customer financing business, which accounts for more than 65 percent of its overall debt. The printer maker said its plan to simplify its operations would lead to gross savings of at least $640 million in 2019 and $1.5 billion by 2021. The move comes close on the heels of a plan announced by the company to ...

18 Mar 12:03 PM 0 Read More...

Ride-hail firm Lyft launches IPO road show in Uber's shadow

(Reuters) - Lyft Inc on Monday kicked off the investor road show for its initial public offering (IPO), seeking to woo money managers before its bigger ride-hailing rival Uber Technologies Inc makes its stock market splash in April. The two IPOs would represent a watershed for Silicon Valley’s technology unicorns, which for years have snubbed the stock market in favor of raising capital privately, with investors h...

18 Mar 12:01 PM 0 Read More...

Shares in European payments companies rise on Worldpay takeover

PARIS (Reuters) - Shares in European payments technology companies such as Worldline, Ingenico and Wirecard all rose on Monday, buoyed by Fidelity National Information Services’s $35 billion takeover of Worldpay. Worldline was up 3.1 percent, while software group Atos - which has a stake of around 50 percent in Worldline - also advanced 1.2 percent. Ingenico also advanced 1.1 percent while Wirecard AG’s shares al...

18 Mar 11:54 AM 0 Read More...

JPMorgan Chase tests neuroscience-based video games to recruit interns

NEW YORK (Reuters) - JPMorgan Chase & Co is testing neuroscience-based video games to help recruit interns, as it seeks to increase the diversity of its workforce by broadening its candidate pool. The bank is piloting technology from pymetrics, a startup whose games help companies assess applicants’ social, cognitive and behavioral features, such as attention, memory and altruism, Matt Mitro, JPMorgan’s head ...

18 Mar 11:04 AM 0 Read More...