Feb 29 2012

Mobile Wallets and Digital Wallets

Category: Cloud Computing,mPayments,SecurityTeknovis @ 23:46

I read an interesting article about the differences between mobile wallets and digital wallets today – Mobile Payments: Life Is More Secure In The Cloud. I was not aware of the distinction!

There was one argument that I did not agree with:

Look at it this way: if your phone gets stolen and all your financial information is on the device, and the thief began making transactions, it would almost be impossible to tell if it was really you. With the cloud approach your account is constantly being monitored. So, for example, if a transaction is made by you in San Francisco on your desktop computer, then 10 minutes later one is made in Paris on your phone, it will immediately be clear that something’s wrong.

The author argues that the digital wallet is more secure, because it is easy to detect the fraudulent transaction being made in diverse locations. I would argue that such fraudulent transaction are inherently impossible with a mobile wallet.

Feb 20 2012

Alcatel-Lucent Patent Strategy

Category: Patents,TelecomsTeknovis @ 09:13

Alcatel-Lucent is hoping to commercialise on its patent portfolio through licensing, according to Alcatel-Lucent patents ‘could make millions’.

I wondering are we moving closer to a time when companies generate patents (which are not necessarily the same as good ideas) rather than products!


Feb 17 2012

Irish Budget 2013 Hints

Category: EconomyTeknovis @ 18:02

During the week I read Latest memorandum reveals more austerity ahead in Budget 2013. I agree with the thrust of the Memorandum of Understanding (MoU), because we all know (except the Government) that you cannot keep spending money that you do not have:

The latest Memorandum of Understanding (MoU) between the Troika and the government has confirmed that “at least €3.5 billion” will be taken out of the economy in the next budget through tax increases and reductions in spending on social welfare and capital projects.

However, I was disgusted when I read the following:

Revenue raising measures amounting to €1.25 billion will include a broadening of the personal income tax base which could mean either raising taxes or lowering the bands on the amount at which people are taxed.

There will be further restructuring of motor taxation, increases in excise duty and other indirect tax measures. A reduction in general tax expenditures is also proposed – meaning a potential cut in tax credits.

Honestly, I do not understand why the Government is determined to take more and more money from the fewer and fewer people who are working in order to fund a bloated public service and social welfare system!

The document also outlines where €2.25 billion in savings will be made including reducing expenditure on social welfare, cutting the total bill for pay and pensions in the public sector and reductions in capital expenditure – all areas where the government has previously implemented cuts.

I would love to believe that this will happen, and I would be happier accepting increased taxes if I saw that our public service rates (not numbers) and social welfare payments were decreasing towards European averages.

Indeed, Colm McCarthy recently highlighted these two groups of people as “silent winners” of the economic downturn in Ireland’s squeezed middle:

The silent winners are, however, quite numerous. Social welfare rates of payment have been cut and scheme rules tightened, but not across the board. State and public service pensioners have been spared the cutbacks. Even high-income pensioners have had free medical cards restored. But pensioners reliant on funded occupational schemes are not so lucky: most schemes are underfunded and benefits are under threat – a situation exacerbated by a government levy on funded schemes.

The winners are those far-sighted enough to choose careers with employers who do not pre-fund for retirement, which means the public service.

All this is happening at an interesting time for me, because I may have the opportunity to continue my current work in another country with far more favourable tax rates. It really is starting to look attractive!


Feb 15 2012

Syrian Government and Irish Software Companies

Category: eGovernment,Security,TelecomsTeknovis @ 18:58

The software developed by two Irish companies is currently being used by the Syrian Government to monitor and block communications within the country, according to Syria regime ‘using Irish technology’.

The companies are AdaptiveMobile and Cellusys. I had a quick look at both of their web sites, and neither company appears to be publicising this! This seems strange, given how topical Syria is these days!

Perhaps these two companies are not proud of this particular sale and produce use!

Actually, if I attend Mobile World Congress this year I might visit their stands to discuss this!

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Feb 02 2012

Income per Irish County

Category: EconomyTeknovis @ 20:11

I read a very interesting breakdown of the income per Irish county in Capital rule: People from Donegal have lowest income in Ireland.

I am not surprised that the top three are:

  1. Dublin (30,891€)
  2. Kildare (27,498€)
  3. Meath (26,312€)

What I find more surprising is that these are the only three counties where the county average is greater than the national average (26,192€). I think it is another sign of the growing divergence between the economic powerhouse that the greater Dublin area is compared to the rest of the country.