Sisa – Integrated Security Systems

The Tag’s Project promoters proposed to develop active safety systems that quickly would become a standard for the Portuguese national and international market, using universal technology infrastructure and increasingly widespread throughout the world, including WIFI and 3G networks, among others.

This project was financially supported by QREN with money from the European Fund for Regional Development.

Simultaneously, and as quickly as possible, the team made all the efforts to develop the required software to safely manage the entire technology infrastructure, establishing protocols for that purpose with various entities to ensure the proper use of existing communication networks.

The primary objective was within two years to be able to develop a security tag of micro dimensions, capable of communicating with the 3G and Wi-Fi networks, ensuring an efficient location of any object in any place with the minimum error and without compromising the privacy of their owners.

Several objectives of this project were successfully reached and consolidated. The Research and Development team proved to be able to achieve, among several degrees of difficulty, to interpret its specific targets and create a set of synergies that allowed achieving a large number of the proposed tasks.

The personal mishap with one of the technicians, definitely lead to an additional workload for the rest of the team, at least until his full replacement. Since this point and with the whole crew complete, the project returned to its normal rhythm, partially constrained by the technical issues that were encountered, particularly regarding the batteries of tags and Wi-Fi chips, which over the past three years have suffered major changes, especially in terms of size, which is currently more than double of the originally planned, which prevents the miniaturization of the tags to the dimensions provided in the initial project.

Secondly, the energy consumption of the chips has increased dramatically, so the use of very small batteries becomes totally impossible, preventing the creation of a tag in accordance with the initial assumptions.

In terms of technique specifications, the software is divided into three main components: First, a Data Center Management Module – Developed up on a relational database – IBM DB2 – in RPG, Cobol and CLP languages, this module allows the complete management of tags, events, customers as well as all the information becoming from the tags and Box’s. Second, a Box Management Module – The software installed in the Box’s customers is developed in HTML, PHP, CSS and runs on Apache / Tomcat on a Linux distro (Linux Variation).

Through this software, customers can register their tags, add information about the protected goods and provide the data to the data center. Accessorily, this resident software box allows integration with the various ISPs and the bi-directional data communication. And finally, a workflow Information Module – This software, that is also present in the Data Center, allows the equipment ‘s monitoring in real time, triggering alerts whenever one of the tags is moved from the pre-defined security zone, or whenever there is need to update batteries, devices’ errors, etc.

Having a look at the Box, the main specifications were the following:

  • SoC (System on a Chip): Broadcom BCM2835 (CPU, GPU, DSP and SDRAM)
  • CPU: 700 MHz ARM1176JZF-S core (ARM11 family)
  • GPU: Broadcom VideoCore IV, OpenGL ES 2.0, 1080p30 decoder
  • H.264 / MPEG-4 AVC7
  • Memory (SDRAM): 512 MB (shared with GPU)
  • USB 2.0 ports: 2 (via integrated USB hub)
  • Video Outputs: 2 –  RCA Composite (PAL & NTSC), HDMI (rev 1.3 & 1.4), LCD panels via DSI
  • Onboard storage: SD / MMC / SDIO card slot
  • Network onboard: 10/100 Ethernet (RJ45)
  • Low-level peripherals: 8 × GPIO, UART, I²C, SPI chip with two selectors, +3.3 V, +5 V
  • Power ratings: 700 mA (3.5 W)
  • Power Source: 5 Volt via MicroUSB or GPIO header
  • Size: 85.60 mm × 53.98 mm18
  • Operating System: Debian GNU / Linux, Fedora, Arch Linux
  • Enclosure Box: Not required but present.

Globally, The project, with start date scheduled for July 1, 2011 and conclusion in the end of June, 2013 (now extended to December 31, 2013), was executed within the normal R&D projects standards, even that  we might had, all over the process, a set of issues that were completely impossible to preview. Among the technical imponderables, associated to the necessary human resources for the proper implementation of the project, we would like to highlight the following items:

First of all, the difficulty in hiring some of the technicians with the desired profile that the project required, which have dragged this process until September 2011, leading it to a considerable delay in our initial planning.

Second, and as mentioned previously, the major research technician has left the project and his full replacement was only completed in June 2012. As the main resource, all his knowledge had to be absorbed by the others, which delayed significantly the initial planning.

And finally, as also express before, we faced significant overall technical changes, specifically regarding to the Wi-Fi chips’ technology (new standards and protocols) and the gradual extinction of 3G technology and replacement by 4G / LTE chips, that are larger and require significant adjustments in terms of material and physical approach. These changes also led to several difficulties in finding batteries with the appropriate size and adequate capacity and durability.

More information about the company, the project and the funding can be found at

qren Sisa   Integrated Security Systems

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Twitter Opts For Berlin for its German HQ

Twitter has opted for Berlin as the location for its German HQ, reports Focus. We have already given the hint by the Jack Dorsey, company’s Executive Chairman, who said at the January’s DLD conference in Munich that company was hiring in Germany. So, the company has obvious plans to come to Germany and if the report from Focus carries any weight, then choosing Berlin as a location for its HQ is certainly sensible, considering the growing profile of the city as a technology hotspot.

We have already some of the most impressive and stylish startups, including SoundCloud, 6Wunderkinder and Amen, of Europe emerged from the Berlin.

Berlin Twitter Opts For Berlin for its German HQ

Focus, while quoting industry sources, reports that Twitter has already employed its German chief and also finds out that the job vacancies in the country have vanished from the country’s website. The reports further claims that the ads for these vacancies had pointed put that the company was considering Berlin, Hamburg or Munich as the location for its German HQ.

However, Twitter declines to comment on the report saying that it currently doesn’t have anything to tell about the location of its HQ in Germany.

Following London and Dublin offices, the opening of German office would be Twitter’s third major in Europe. The choice of Berlin is certainly sensible for the fact that it is the country’s capital and a hub for startups. However, it is not normally the first choice for international companies to open their offices in. For instance, the search giant Google has its office in Munich.

It seems that Twitter will utilize its new office to build relationships with sports clubs and other brands, going after the common practice of US tech companies using the majority of their technical skills base in their home turf and utilizing satellite offices abroad for business development.

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Angry Birds Space Coming to Windows Phone

Angry Birds is one of the massive hit developed by Rovio. Recently, the developer has released the newest version of its most popular mobile game, Angry Birds Space. There were some earlier reports like the one reported by Bloomberg claiming that the game wasn’t supposed to be developed for Windows Phone handsets.

To your utter surprise, Rovio CEO Mikael Hed said in one of his announcement that the team here is working to bring the game to the Microsoft platform.

While talking to Reuters, Hed said that “We are working towards getting Angry Birds Space to WP7,” discarding all the rumors including yesterday’s Bloomberg report that quoted the Rovio’s “Mighty Eagle” Peter Vesterbacka who said that company had no plans to release Angry Birds to Windows Phone platform.

Angry Birds Space Angry Birds Space Coming to Windows Phone

Hed further added that it was a “big undertaking to support” the new platform as “you have to completely rewrite the application.”

Angry Birds Space launched simultaneously on the App Store, Android, on PC and on the Mac earlier yesterday. Compared to its earlier version, the developer included some new twist in the latest version, introducing new characters and a new physics engine, due to the fact that the new environment introduced in the latest version needs you to use the gravitational pull of the planets to successfully complete the levels.

Moreover, the developer of the games has included a new power-up called Space Eagles, which is awarded for successful progressing during the game, or you can bought through an in-app purchase. The first download will allow you to complete 60 levels of the game, while more levels will be added through game updates.

So far, the game has already been topped the sales charts on many of the platforms, where it launched. We are trying to reach Rovio to have a word on its first day sales. We will get back to you as soon as we receive any response.

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Amazon Hopes to Land in Brazil in September

Amazon is reportedly aiming to begin sales operations in Brazil on September 1, 2012, according to the claims made by financial newspaper Brasil Econômico on its website. The newspaper based its report on some internal document to which it had access somehow.

Surprisingly, Amazon has not yet started local operations in Brazil. However, the report claims that the local launch of Amazon will be finalized in two steps. On its first step, the company would only offer small items, including books, CDs, Kindles, DVDs, video games and software, with an aim to sell 1.1 million products from September to December.

Amazon Kindle Amazon Hopes to Land in Brazil in September

Based on the statistics of this first phase of launch, the company will think about its full launch that could possibly be scheduled for December. With the introduction of second phase of launch, the company will offer some sort of bulky items available on the company official website, according to an unknown Amazon executive. Amazon has plans to sell as much as 4.8 million items by next year.

The report further claims that the retailer is searching for a distribution center in Sao Paulo at the moment. The selection of location certainly makes sense, when it is considered a state where most online retail websites host their logistics, because of the region’s significance for e-commerce.

However, Amazon has not confirmed the report yet, but the rumors aren’t fresh. We have heard news back in May 2011 that the company was in negotiations with local publishers to sell e-books in Brazil, raising questions in minds that the company could not only launch a Brazilian Kindle, but also aiming to launch retail operations in the country. It is from that time that Amazon Web Services (AWS) has begun to work Brazilian data centers, adding fuel to the fire.

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Windows 8 to Release in October

Bloomberg, while citing its unknown sources, reports that Windows 8 is expected to make its debut in October. There are wide range of rumblings claimed that the new Windows will launch both on Intel and ARM systems, rejecting the rumors suggesting that ARM machines could be delayed.

According to few reports, there will be only five ARM machines ready to get Windows 8, compared to a few 40 machines that will run on Intel silicon. It has been reported that the Redmond-based software giant is planning an April event, aiming to let company’s partners in on timings and strategies related to the launch of Windows 8. The event will focus around the launch date and marketing details for Microsoft’s forthcoming OS.

Lenovo Yoga Windows 8 to Release in October

Microsoft’s upcoming OS is in fact a comprehensive retake on the classic Windows experience, offering new capabilities and interfaces, presenting the honored brand into the touch era in one pounce. It is important to mention here that the lesser number of ARM machines are for the fact that the company is executing intense controls on what is being delivered.

The report of Windows 8 launch in October seems to be the last possible opportunity for the Redmond-based software giant if it wants tablet manufacturers to ship devices featuring Windows 8 this year. In this context, we have heard about a report claiming that Lenovo is planning to release its Windows 8-based tablet somewhere around in October this year.

As far as our knowledge about Windows 8 is concerned, the OS development is right on schedule. The company released a Consumer Preview version of the operating system back in February. Luckily, we got a chance to have our hands on it and found it well-polished. There is still plenty of time left for Microsoft to make necessary improvements to its new operating system.

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Apple Sells 3 Million New iPads Just in 4 Days

According to Apple, it has sold over 3 million units of its new iPad since it launched last week. CEO of Apple, Tim Cook announced lately that iPad sales over the weekend had reached to record high for the company.

While answering a question about a financial analyst as how the new iPad did on its launch weekend, Tim Cook said “We had a record weekend and we are thrilled with it.”

Phil Schiller, Vice President of Worldwide Marketing at Apple, in one of his statement said, “The new iPad is a blockbuster with three million sold?the strongest iPad launch yet,” further saying, “customers are loving the incredible new features of iPad, including the stunning Retina display, and we can’t wait to get it into the hands of even more customers around the world this Friday.”

Apple logo Apple Sells 3 Million New iPads Just in 4 Days

The Cupertino-based company is all set to launch its new iPad in about 24 more countries on Friday at 8.00 a.m. The countries that will get the new iPad include Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Greece, Hungary, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Macau, Mexico, The Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

The growing popularity of the iPad can certainly be the major reason in the increase in sales. But the most interesting point worth noting here is the fact that it is for the first time that Apple has launched its tablet simultaneously in other countries across the world all together with United States.

Apple’s partner AT&T stated earlier today that it had also experienced records broken regarding its single day activation and sales records by Apple’s new tablet device on its launch day.

If we look at the internet traffic from all versions of iPad in the U.S., the new tablet makes up for 5% of the total internet traffic. Apple is in the habit of sharing early sales numbers in the days after launch weekend, thus we can expect some official numbers from Apple soon.

During first day of launch, the company sold around 300K units of its previous device and passed the 1 million units mark in 28 days. However, the latest iPad tripled that figures within a span of 4 days. Interestingly, the first iPad launched reached 3 million sales mark in 80 days. This clearly shows that Apple’s iPad has grown in popularity in recent few months.

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Apple Under Fire in EU Over Misleading AppleCare

Apple has already fined with a $1.2 million by Italy’s antitrust authority Autorità Garante della Concorrenza e del Mercato (AGCM) over misleading consumers on assistance services and warranties. Now the Cupertino-based company has been presented with a formal notice by the European Consumers’ Organization that asks the company for putting an immediate stop to its guarantees as they stand.

According to Bloomberg, the notice is sent in an email with respect to Directive 2005/29/EC concerning “unfair business-to-consumer commercial practices in the internal market.”

In fact the problem is related to the fact that the minimum warranty for products sold in the European Commission is by now two years. As a result, the commission claims that the company is misleading customers by encouraging them to purchase AppleCare warranties that extend coverage to two years, along with other benefits.

Apple Apple Under Fire in EU Over Misleading AppleCare

Director General of the European Consumer Organization, Monique Goyens said in one of his statement, “In the EU, consumers are entitled to a minimum two-year legal guarantee. Consumers should not be misled and confused as to fundamental EU consumer rights because a company wants to sell their commercial warranty services.”

There are different consumer organizations that have brought their complaints to EUC or some even sent letters of complaint to Apple as well related to the warranties, said Goyens. He further adds that the case is vital due to the fact that it includes a “market leader” and could have the potential for a wide influence on European consumers.

For the fact, the Cupertino-based tech giant is appealing the AGCM fine in a hearing scheduled for March 21. However, the arguments from both parties not just limited to AppleCare, but to the fact that the standard Apple warranty is restricted to just one year.

Posted in Miscellaneous, News | Tagged , , , | Leave a comment Enjoys 3 Million Members

During London Web Summit (LWS), Jason Goldberg of announced impressive stats about the design-oriented flash sales site.

It’s been only a year when the’s launch page went live and since then the site has seen great amount traffic. Goldberg said that the popularity of the site is really very impressive with the site now having 3 million members all across the world. Interestingly, out of its 3 million members, 2.5 million live in the United States.

The growth seen is really impressive, considering the fact that when it acquired the German site Casacanda few weeks earlier, the numbers for both companies were added up to 2.3 million. This clearly shows that has been on the move since it acquired the German site.

Fab Enjoys 3 Million Members

The growing popularity of the site also resulted in massive sales records, as the site sold around one million products inside its first nine months of launch. At the moment, the site is offering a massive 2.6 products per minute.

Back in October, the site released its first mobile app and mobile logins already accounts for 40% of its traffic. According to Goldberg, the conversion rates are on the higher side on the iPad. He pointed out that 10% of the iPad user made their first purchase inside the first week of downloading the app.

Undoubtedly, the popularity graph of began to rise as soon as the site went live a year ago. Goldberg stated that viral mechanics started operating within the one month after its launch, with over 50,000 pre-launch sign-ups in the first 30 days.

While talking to the audience, Goldberg said that this didn’t happen in one day as “A lot of people say that is an overnight success, but we were an overnight success on Day 418, which was the day we actually launched our store.”

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PayPal Refreshes iPhone App, Adding New Look and Local Search

PayPal has recently launched an update for its iPhone app. The updates offer an entirely new design, which is far more appealing than what it looked like in last version of the app. The latest update will bring back the ‘Local’ feature that used to show vendors that accepted PayPal.

In an updated version, the Local section will show users merchants available close by that use the new PayPal Here service particularly. It is the new service PayPal launched recently to compete with the already popular service Square. The service in fact needs a different PayPal Here app available on the App Store, and is available for merchants only.

 PayPal Refreshes iPhone App, Adding New Look and Local Search

PayPal refreshes its application in order to offer quick access to managing your account, sending money and requesting money from people. The previous version was certainly lagging behind on many fronts and the latest version is also not as good as it could be, but yet it addresses many issues, particularly the speed at which you are able to navigate between different options.

Many people including me turn to mobile version of PayPal particularly to check on available balance or to verify if payments went through as well as to pay a friend for the occasional lunch if anyone forget to bring his/her wallet. One can easily notice that apart from heavy eBay users or event organizers, the updated application would be a nice upgrading and will offer pretty handy features required by users.

Surprisingly, the look of the PayPal Here application is very slick and smoother than the newly released application, which normally gives you a very “Hey look, I’m your wallet” like feel.

PayPal for iPhone

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iPad Teardown Unveils Samsung Display

iFixit, an online repair manual and teardown expert has ripped down the latest iPad from Apple. The team is working on tearing it down to check what it actually has under its hood. They reveal some shocking details about the manufacturers and components used in the making of the Apple’s next generation tablet device.

The very first detail came out of iFixit camp about new iPad is that the Retina Display of the latest tablet from Apple carries a model number associated with panel maker Samsung. This was also reported earlier this week, when it was pointed out that LG and Sharp won’t be manufacturing the initial batch of displays, but they would join the company later once they had their products up to the said quality.

A5X Processor iPad Teardown Unveils Samsung Display

Furthermore, the logic board of the latest iPad includes a number of different chips, such as Apple’s A5X processor, made by Samsung, in the beginning of this year. The CPU of the processor is pretty similar to the iPad 2’s, with 0.2GHz of improved clock speed. Other than that there is also present a Broadcom BCM 4330 Wi-Fi B/G/N chip that has support for Bluetooth 4.0 high speed and an FM transmitter. As for Broadcom chip, it is capable of single-band 2.4GHz or a dual band mode, which offers 5GHz Wi-Fi. The driver used to run the Touch screen is a Texas Instrument CD 3240.

There is also present an Epcos B4064 SAW filter that offers signal enhancement for the radio and a Fairchild FDMC 6683 – the same semiconductor found in iPad 2. The baseband chip used is Qualcomm RTR 8600. There is also present I/O controller from Broadco, BCM 5973.

The other components that iFixit reveals include NAND flash memory, 1GB of RAM form Elpida that carries a number of THGVX1G7D2GLA08 for the 16GB version. The 3G/4G modems used are Qualcomm MDM 9600.

There is also a chip found in the new iPad with IC (power controller) promoted to model 343S0561.

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BBC Confirms Plans to Launch VOD

Mark Thompson, Director General at BBC has verified that the broadcaster is preparing to launch a service that will allow users download individual TV programs for a reasonable amount of fee, according to the Guardian.

In a speech at the Royal Television Society (RTS) in London, Thompson made this announcement. Last week rumblings began to surface regarding BBC plans on the said project, called “Project Barcelona.”

Some of the reports suggest that each episode could be priced at £1.89 (US$3) and also the platform would only offer purchases. Frankly speaking, TV rentals have never proved to be a success and for this reason, Apple decided to drop them completely back in August.

The most interesting part of all this is the discussion regarding price. Previously, it was reported that the BBC was considering charging UK iPlayer users to watch archived content. However, the BBC’s spokesman later announced that the fee would only be a micropayment to cover up company’s own costs.

BBC Building BBC Confirms Plans to Launch VOD

Expecting heavy criticism, Thompson insisted on the fact that this project wants a “second license fee by stealth,” in a country, where the annual license fee costs as much as £145.50 (US$228). He is of the view that people are already used to purchase DVDs, and this platform will actually do the same at a lower price.

However, it is still to be seen how content producers will respond to the project. Thompson also revealed that he had already begun dialogues with British indie producers as well as to their trade association, Pact.

He also stated that any license deal with content owners would be non-exclusive, which means that content producers can license their content to other platforms as well.

Thompson further added that more and more programs from the archive would be uploaded to the service, reports BBC News. It is also hoped that programs will make their way in the same window as catch-up TV, immediately after broadcast.

Now the question is whether the attempts from BBC are enough not to annoy regulators. We have to wait for a while to find out the answer of this question. BBC already has an experience where European Commission found its Worldwide Project Kangaroo anticompetitive.

BBC Trust will review the Project Barcelona later this year to see whether it is ready to go live or not.


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Waze Arrives in South Africa

The GPS navigation service, Waze has officially announced its first venture into African territory. The service that offers drivers to share traffic conditions automatically in real-time has finally launched in South Africa.

Waze is in fact a community-driven app offered on all the major mobile platforms, such as Android, iOS and BlackBerry. The service makes use of driving times to give routing and real-time traffic updates.

Although, the app is available for download all across the world, the full ‘basemap’ is limited to few countries, including US, Canada, UK, Germany, Italy, France, Belgium, the Netherlands, Belgium, Ecuador, parts of Argentina, Panama and, Israel and now the latest inclusion comes in the form of South Africa. In the rest of the countries users need to record the roads and edit the maps on their own.

Waze1 Waze Arrives in South Africa

The excerpt from an official announcement says, “Every now and then, we do an ‘official’ launch in a new territory, and just recently, we added South Africa to the mix. Partnering with MiX Telematics, the launch builds upon the community of more than 30,000 ‘early adapters,’ [SIC] based mainly in Johannesburg, that already exist.”

It was reported in January that Waze had passed 12 million users mark and launched three version of its Android app.

The idea of developing a service like Waze was first in Israel few years ago, when a software engineer Ehud Shabtai was presented a PDA with an external GPS device pre-installed with navigation software. Ehud pointed out that the product didn’t depict the real-time changes that exemplify real conditions on the road. So, he decided to work on it and started working on a traffic platform that combined GPS, open-source software and a community of drivers.

The company has announced that it is planning to expand its services to other countries as well and will come up with more announcements later.

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Twitter Ecosystem Hits 1.5 Million Apps

Twitter’s API account released a ‘fun fact recently, according to which, the company announced that its network has passed an impressive 1.5 million apps mark.  Looking at the progress of Facebook and its recent show with its IPO, we can easily disregard Twitter as a platform, but the latest announcement made it clear that Twitter’s potential spreads far beyond its core service.

The announcement is made through a tweet by Twitter’s API account. The entire team expressed its gratitude to developers for developing apps on the platform. The screenshot of an original tweet given below will tell you the entire story.

It is worth noting here that “registered apps” doesn’t essentially mean that all applications in the network are in fact active. This, however, points out that every single discarded application is also added to the total count. In a response to the tweet, a third-party developer, Chris Field explained that a few dozen of those were me messing about.

Tweet Twitter Ecosystem Hits 1.5 Million Apps

“Growth, however, has been pretty good with the ecosystem apparently, as Twitter’s last milestone of 1 million “apps” was only last July. Twitter might not be raking in the revenue that many would like it to have, but it certainly is still taking a strong hold on many services across the Internet (but not as strong as Facebook of course),” reported Tip Desk.

Regardless of what may happen developers are certainly hopping over to the platform in crowd or multitudes, eager to leverage all that Twitter has to offer. However, it is still unclear whether how the company manages to monetize this massive growth, but one thing is obvious that the potential of the company is definitely on rise. The way Twitter is growing it certainly has its role to play in social platforms in the coming future.

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FTC Subpoenaed Apple in Google Antitrust Investigation

The Cupertino-based technology giant has been subpoenaed by the U.S. Federal Trade Commission (FTC) to collect more information for its investigation into Google’s business practices, reports Bloomberg.

The FTC is particularly focusing on the agreements that made Google the preferred search engine in Safari for iPhone and iPad, an unknown source reports Bloomberg. The Redmond-based software giant Microsoft, a strong rival of Google along with several others has called these agreements anticompetitive.

New York Senator Charles Schumer directed FTC to investigate Apple and Google for violating users’ privacy by accessing personal contacts and photos without permission, earlier this month.

Apple Store FTC Subpoenaed Apple in Google Antitrust Investigation

It was announced earlier in January by FTC that it would include Google+ into its investigation as well, describing that it would see whether Google is using its search engine to support its products over others.

It’s been a while that the search giant has been under investigation on several fronts by the FTC into its operations from the way it handles user privacy to claims that the company is trying to force search into its products. The recent probe into Google by FTC, however, seems to be a massive one that launched last summer.

When the investigation was initiated, the Federal Trade Commission was considering the complaints from companies including Yelp, Expedia and Microsoft that accused Google for trying to drive clicks to its products. The Head of Google Search Ranking team, Amit Singhal stated in one of his blog post that the team would fully cooperate with the FTC during the investigation.

The search giant also managed to settle an issue with the FTC in 2011 regarding claims that company’s Buzz social network violated Google’s own privacy policy.

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PayPal to Launch Square Competitor Thursday

PayPal will soon take on Square with a mobile payment dongle that will allow business owners process credit card payments through their smartphones, a news report claims.

According to GigaOm, PayPal is going to announce the solution on Thursday. Citing “sources we’ve talked to who are familiar with PayPal’s plan,” the report states the dongle will look like a triangle and compete not just with Square, but with Verifone’s PAYware and Intuit’s GoPayment as well.

PayPal’s representatives couldn’t be reached for immediate comment on the report.

Square App PayPal to Launch Square Competitor Thursday

Considering the recent excursions of PayPal into offline payment systems, this initiative seems to be a reasonable one. Back in November last year, the eBay-owned company announced PayPal Wallet – a card that allows consumers pay from multiple accounts, store and use gift cards, access special offers and even store receipts. The product is scheduled to roll out somewhere this year. In addition to this, PayPal has also already rolled out a program that enables shoppers use its services in over 2,000 Home Depot stores. PayPal also has plans to enlist over 20 retailers to its program by the end of this year.

Square, on the other hand, is owned and run by Twitter co-founder Jack Dorsey. It has pointed out earlier how fertile the market is for small business-based mobile payment solutions.  Square is currently processing $4 billion worth of payments. The company saw its 1 millionth small business customer back in December. Also, the company is colonizing new areas of commerce, such as New York taxis. Square also launched an iPad app earlier this month that focuses on supplant traditional cash registers.

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