CIBC Suretap comes to Android; Rogers gets nod for banking start-up


CIBC Suretap comes to Android; Rogers gets nod for banking start-up

http://www.finextra.com/News/FullStory.aspx?newsitemid=24806

CIBC in Canada has expanded support for its mobile payments app from BlackBerry-only to Android devices, as wireless partner Rogers receives approval to incorporate as a bank. The CIBC Mobile Payments App is now available for the Samsung Galaxy S3 smartphone and will expand to additional Android devices in the coming weeks. The app can be downloaded from Google Play. Contactless Visa or MasterCard credit card payments using the app are accepted at thousands of retailers in Canada for purchases under $50.

David Williamson, senior EVP and group head, retail and business banking for CIBC says: “Since launching mobile payments in 2012, the number one question from our clients has been about when they can use the app on their Android phones, which speaks to the importance of today’s announcement.”

A recent CIBC poll conducted by Harris/Decima found 68% of Canadians between ages 18-44 say they own a smartphone and 46% of these owners say they are interested in paying for everyday purchases using their smartphone.

“To understand the potential for mobile payments, you just have to look around at the number of Canadians who take their smartphone with them everywhere they go,” notes Williamson. “Whether it’s walking by the coffee shop on the way to work, or picking up a few items at the grocery store, Canadians always have their smartphone within reach, making it a convenient way to pay for everyday purchases.

CIBC could soon face direct competition from mobile partner Rogers, which last week reported that the Canadian Minister of Finance has issued Letters Patent, incorporating Rogers Bank. Rogers now has 12 months to move forward with the application and meet the requirements to set up as a banking shop.

The mobile carrier filed an application in September 2011 to set up a banking business primarily focused on credit card services.

David Robinson, vice-president, emerging business, Rogers, says: “The Rogers credit card program represents a new growth opportunity while giving customers an opportunity to accumulate value in a future Rogers loyalty programme.”

Separately, RBC and Bell have partnered to pave the way for mobile payments via BlackBerry Z10, Q10, Bold 9900, Bold 9790 or Curve 9360, and a range of Android devices from manufacturers such as Samsung, Sony, HTC, and LG. The two companies expect to make the service broadly available by the end of the year and will commence road testing with consumer and merchant customers over the summer.

Turning Up the Volume on Wireless from Pete Harris Editor and Publisher, Low-Latency.com


Turning Up the Volume on Wireless

http://low-latency.com/blog/turning-volume-wireless/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-05-09

blog | May 8, 2013 – 2:15am | By Pete Harris

Judging by the views of a number of wireless network equipment manufacturers and service providers participating in last week’s Low-Latency Summit in New York City, demand from trading firms for low-latency wireless connectivity is strong despite the challenges of reliability, limited bandwidth and cost.

Speaking as part of the “Are You Tuning In to Wireless?” panel were: Jay Lawrence, CEO of wireless equipment manufacturer and network operator NeXXCom Wireless; Andrew Kusminsky, COO and CSO of Perseus Telecom, which operates both fibre and wireless networks; and Marty Snyder, president of wireless network integrator Communications Infrastructure Corp. Also on the panel was Mike Schonberg, director of market data technology at Quincy Data, which distributes low-latency market data via a wireless network provided by affiliate McKay Brothers.

[Listen to an audio recording of the panel here]

On the demand for wireless networks:

“A tremendous amount of demand … triple digit growth for our company,” – Marty Snyder, CIC.

“Early adopters are those that are very latency sensitive but every firm that is still somewhat latency sensitive will need to close the gap to keep up,” – Mike Schonberg, Quincy Data.

“Demand curve is shifting from those looking to build their own wireless networks to those looking to buy a drink on an incumbent network … these things are not cheap to build,” – Jay Lawrence, NeXXCom.

“We launched our [London to Frankfurt] service at the beginning of October 2012 and sold out by the end of the month. We just went live live with a second round of bandwidth and are nearly sold out,” – Andrew Kusminsky, Perseus.

On reliability:

“We’ve learned how to balance reliability with latency … such as trading firms turning back on forward error correction.” – Snyder. Many variables can be tuned in favour of either lower latency or better reliability.

“Intermittent packet loss is a big issue for market data delivery … packet loss [for wireless] happens but not terribly frequently … a lot of packet loss is weather related … it’s on or off,” – Schonberg.

On rain impact specifically … “Millimetre wave is highly affected by rain … depends on tower spacing … four inches of rain for towers a mile apart. Microwave is better … would take six inches of rain an hour at 10 miles between towers to impact it … and at that point you’re better off getting a boat and two of each kind of animal and getting out of dodge,” – Lawrence, NeXXCom.

On bandwidth and costs:

“As bandwidth increases, cost per bit will come down,” – Lawrence.

“Cost per megabit of wireless vs fibre is substantially higher” – Kusminsky. But cost will come down as bandwidth increases. It’s also usually cheaper to build a wireless network compared to a fibre network.  There is just less bandwidth.

In other wireless related news:

* Quincy Data is providing select data from the Chicago Mercantile Exchange delivered via wireless to Nasdaq OMX’s Careret, NJ co-lo data centre in 4.16 milliseconds, with plans to lower that to 4.06 milliseconds by the summer.  It also is delivering CME data via fibre and wireless to Equinix’s LD4 data centre near London in 36.40 milliseconds.

* Colt Technology Services went live on March 27 with its microwave service – provided by Custom Connect MW – connecting NYSE Euronext’s Basildon, UK data centre, where NYSE’s cash and Liffe derivatives markets are located, with Equinix’s Frankfurt data centre, which houses the Deutsche Boerse and Eurex exchanges.

* NYSE Euronext is looking to roll out its own wireless service within the London metro area, and between Basildon and Frankfurt, leveraging both microwave and millimetre wave technology.

* Strike Technologies is providing wireless network technology to Nasdaq OMX to link it with the CME to deliver market data between the two exchanges.  A one-way latency of 4.25 milliseconds is being quoted.

* TLV Networks has launched a microwave network connecting the CME’s Aurora, Il data centre with the 350 East Cermak data centre in Chicago, where many trading firms continue to operate from because it is less expensive than Aurora, or to optimise multi-market trading strategies, such as CME/IntercontinentalExchange. McKay Brothers also introduced its service on that route, with a roundtrip latency of 370 microseconds.

* Hudson Fiber Networks will offer custom wireless networks to customers in the New York and New Jersey metro area, tapping equipment from ULL Networks.

* 325 Hudson has introduced a managed wireless meet me room at it’s new data centre in New York City.

Consilium and Orange Launch Current At Sea, a Paperless Maritime Navigation and Communication Solution


Consilium and Orange Launch Current At Sea, a Paperless Maritime Navigation and Communication Solution

http://www.bobsguide.com//guide/news/2012/Jan/31/consilium-and-orange-launch-current-at-sea-a-paperless-maritime-navigation-and-communication-solution.html

Current At Sea improves safety, allows efficient communications, reduces costs and enables ECDIS compliance.

Consilium and Orange Business Services are modernizing maritime communications with the launch of a paperless navigation solution that extends an Electronic Chart Display and Information System (ECDIS) over the world’s largest MPLS-based network. This bundled, flat-rate solution named Current At Sea enables shipping companies to move to a fully electronic platform for navigation and communications.

Current At Sea is a future-proof, modular ECDIS and communication system that can include voyage optimization programs, fleet and ship management systems, and real-time monitoring applications. Orange is bridging the ship and shore by integrating ECDIS with Orange’s fully managed network (both terrestrial and satellite, including Inmarsat FleetBroadband connectivity). The Orange network ensures accurate, precise data and provides value added enterprise communications such as Business Talk Global, IP Telephony, WAN optimization, M2M and video conferencing to ships at sea.

Nicolas Roy, head of the Network Solutions Business Unit, Orange Business Services, said: “Current At Sea is a one-stop-shop solution that is not about simply replacing paper nautical charts with digital ones but is about completely rethinking business processes in order to improve safety, efficiency and costs. This bundled, fixed-price offering with Consilium will help shipping companies revolutionize the way their vessels operate and significantly improve the way they do business.”

Key customer benefits include:

• immediate compliance with regulatory deadlines – All merchant vessels will be required to use an ECDIS in compliance with International Maritime Organization (IMO) regulations. The bundled solution from Consilium and Orange provides an efficient way to meet this requirement before the deadline.

• operational cost-savings – Orange’s IP network, which allows for a fixed monthly fee with no usage charges on voice or data, keeps communication costs under control. Fuel savings between 4 to 8 percent can be achieved when voyage optimization programs are integrated into the solution. By accurately pinpointing weather and water currents to determine the most fuel-saving route, hundreds of thousands of dollars can be saved annually per vessel. Additionally, Consilium’s unique concept of chart management enables the system to update only the chart parts that are required for the trajectory of the vessel’s planned voyage, which provides additional cost savings.

• improved safety at sea – With the Consilium ECDIS solution, shipping vessels can access an integrated navigational tool that cuts the time it takes to receive updates, warnings and admiralty overlays from weeks to hours. Because it is connected to the Orange corporate network, vessels are assured of securely receiving this data anywhere in the world. A study by DNV, a risk management foundation, found that such a solution can reduce ship groundings, the third-deadliest maritime disaster, by at least 30 percent.

• corporate-to-vessel integration – Orange’s MPLS-based network allows ships to bypass the public Internet when accessing corporate systems and connect using a much more secure, real-time connection to business-critical applications. Ship personnel can employ the full scope of the applications regardless of location, all at a flat fee; and because the connection is continuous, system maintenance can be done remotely while the ship is at sea.

• improved working conditions – According to estimates, a paperless communications platform as provided by Consilium and Orange can reduce a second officer’s workload by up to 40 percent. Also of benefit are all the amenities that come with a superior network connection, such as Internet, text, e-mail, chat, GSM and entertainment while at sea. These services are a vital draw for recruiting and retaining crewmembers and improving crew morale.

“Current At Sea is a unique solution as it is the first time a VSAT system and a Dual ECDIS are offered as a package with a monthly flat rate, which will not affect the ship owners capital expenditure,” Anders Roos, president, Consilium Marine Group.

In June 2011, Consilium Marine Group and Orange Business Services signed a high-level global cooperation agreement through which Consilium globally markets Orange marine VSAT communication solutions through its 34 offices in 19 countries.

Nasdaq, CME Launching 4.25 Millisecond NY-Chicago Data Service


Nasdaq OMX Group and CME Group said Thursday they are launching a high-speed microwave venture that will deliver market data between Chicago and New York in less than 4.25 milliseconds, each way. That is lower than competing fiber connections, by more than a millisecond.

via Pocket http://www.securitiestechnologymonitor.com/news/nasdaq-cme-launch-4-millisecond-ny-chicago-data-service-31674-1.html March 28, 2013 at 06:57PM

Nasdaq, CME Launching 4.25 Millisecond NY-Chicago Data Service


Nasdaq OMX Group and CME Group said Thursday they are launching a high-speed microwave venture that will deliver market data between Chicago and New York in less than 4.25 milliseconds, each way. That is lower than competing fiber connections, by more than a millisecond.

via Pocket http://www.securitiestechnologymonitor.com/news/nasdaq-cme-launch-4-millisecond-ny-chicago-data-service-31674-1.html March 28, 2013 at 06:57PM

Perseus Telecom Announces Fastest Available Microwave Service in European Financial Markets


Perseus Telecom, a leading provider of ultra-low latency, high capacity global networks, today announced its live commercial wireless service in Europe, offering ultra-low latency, high availability and reliability.

via Pocket http://www.bobsguide.com//guide/news/2013/Feb/25/perseus-telecom-announces-fastest-available-microwave-service-in-european-financial-markets.html February 25, 2013 at 06:58PM

AOptix and Anova Technologies to Deliver Ultra-Low Latency Wireless Communications Network to Financial Markets


CAMPBELL, Calif. & CHICAGO–(BUSINESS WIRE)– AOptix (www.aoptix.com), a technology innovation company that leverages optics to transform wireless communications, and Anova Technologies (www.anova-tech.

via Pocket http://finance.yahoo.com/news/aoptix-anova-technologies-deliver-ultra-130000554.html February 24, 2013 at 01:45PM

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