Mobile payments firm breaks the $1 billion funding threshold

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Adyen reaches a $1.5 billion valuation after latest round of funding Adyen, a mobile payment firm based in Amsterdam, has raised $250 million during its latest round of funding, bringing its valuation to $1.5 billion. The startup aims to provide consumers with a simple way to accept payments no matter where they are and without currency restrictions. The platform could make it easier for online merchants to sell their products throughout the world, rather than in a specific market that may or may not be as active as they want…

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Mobile commerce may become more secure with new technology

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Freescale Semiconductor teams with INSIDE Secure to bring more safety to mobile commerce There are no signs of mobile commerce losing momentum around the world despite very serious concerning regarding security. Security has emerged as the most significant challenge facing mobile commerce today, even surpassing the problem of the low availability of NFC-enabled mobile devices. Security faults in many popular mobile payment applications and systems used by retailers, banks, and other companies could threaten the success of the mobile commerce industry. In order to solve the growing problem of security,…

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