Apple has taken possession of the domain name Mobeewave.com, according to a WHOIS record discovered by MacRumors. The domain name was previously owned by payments startup Mobeewave, which Apple acquired last year.
Mobeewave created a system that lets shoppers tap a credit card or smartphone on another phone to process a payment. The technology works with NFC, which is built into all modern iPhones.
Apple typically buys startups to turn their technology into features of its products, and the functionality could in future allow iPhones to be used as payment terminals with no additional hardware required. Apple hired the whole Mobeewave team, which includes dozens of employees, and the company is continuing to work from Montreal where it is based.
Prior to the acquisition, Mobeewave demonstrated the simplicity of its technology by showing users inputting a transaction amount into an app and tapping an NFC-enabled card on the back of a smartphone.
Full contact information on the domain transfer is redacted for privacy, but the record's domain information lists Apple's nameservers. The domain is no longer active, although at some point in the future Apple may choose to redirect it to either a related product page or support pages for an upcoming product.
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Apple - when you can't innovate, steal or buy out your competition.
You need a history lesson or perhaps just read the Wall Street Urinal? The original concept of Sherlocking was pioneered by Microsoft where if they liked your idea they would offer you a pittance in value for it. If you refused, they would put as much staff as necessary to duplicate your concept and then run you out of business
here at least is a concept which, for both security and convenience, should be integrated in the phone and a company got cashed out at value and the employees continued employment in their hometown and have additional career opportunities
besides, if it’s a good idea, Samsung will just copy it anyway (worse outcome)
Apple - when you can't innovate, steal or buy out your competition.
Quit being a crybaby. I’m so glad Google Facebook Samsung hasn’t bought anyone out and that Samsung never once has copied Apple and Facebook has never bought out their competition that zuckerberg is the worlds best innovator coming out with apps like I don’t know WhatsApp and Instagram.
Apple - when you can't innovate, steal or buy out your competition.
thats how every big company operates. apple actually sometimes does stuff on their own. but there are companies that lost any ability to innovate at all. dear IBM, i won't cry when you'll eventually go out of business.
And now comes the Congress in its infinite lack of wisdom wanting to ban acquisitions like this. So right back to the big bad Microsoft days when they would offer to buy a company for a fraction of its value, and if you refused to sell they would put thousands of engineers on a project to Sherlock you. So much better than seeing your idea prosper and get monetized fairly
