Visa (V) is now the second credit card processor to invest in mobile online payment provider Stripe, valuing it at $5 billion. The startup has struck deals with a number of heavy-hitting partners — including Apple (AAPL) Pay, Alibaba (BABA), Facebook (FB) and Twitter (TWTR) — as mobile payment systems take off with consumers. Kleiner Perkins Caufield & Byers, along with previous investors American Express (AXP) and Seqouia Capital, also
Sprint’s (S)ties to Fiat Chrysler’s (FCAU) recall of 1.4 million Jeep Cherokee vehicles after media reports of computer hacking vulnerabilities will make it harder for Sprint to compete in the booming telematics market vs. AT&T (T) and Verizon Communications (VZ), says research firm Strategy Analytics. Whether the incident results in a black eye for telematic suppliers in general is a bigger industry question. Apple (AAPL) and Google (GOOGL) are
O ver half of U.S. iPhone owners have upgraded to the latest models, nearly twice the global average, according to a new survey by Consumer Intelligence Research Partners. Apple (AAPL) CEO Tim Cook last week said 27% of the iPhone installed base worldwide has moved to iPhone 6 series handsets. Cook presented the figure to show that Apple still has lots of room for growth in its iPhone business. But in the U.S., 52% of iPhone owners now have either an iPhone 6 or iPhone 6 Plus handset, CIRP reported Monday. “We suspect a much larger number of iPhone owners outside the U.S. remain possible upgraders, contributing to the 27% figure,” Mike Levin, partner and co-founder of CIRP, said in a statement. As of the end of June, 97 million iPhones were in use in the U.S., including 33 million iPhone 6 and 17 million iPhone…