In October Techvibes reported that Google Wallet would be coming to Canada in early 2012. No word yet on when the official launch will be but it looks like its introduction to Canada could be delayed because of a number of reported vulnerabilities.
According to Security Watch's Neil Rubenking, if Google Wallet is installed on a rooted Android phone, a quick and simple brute force attack can extract the PIN and allow a thief to spend your Google Wallet funds.
A Google spokesperson responded to Rubenking's post saying that "there is no known vulnerability that enables someone to take a consumer phone and gain root access while preserving any Wallet information such as the PIN". And added "we strongly encourage people to not install Google Wallet on rooted devices and to always set up a screen lock as an additional layer of security for their phone."
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Richmond Hill based OrderDynamics, a SaaS provider for on-demand e-commerce technology for retailers says that merchants who used their technology outpaced the e-commerce holiday sales average by 57%.
The company says retail sales grew 15% to $35 billion in 2011 versus 2010 for online transactions between November 1st and December 26th. Interestingly, on the Black Friday and Cyber Monday weekend of 2011, OrderDynamics merchants saw a 93% boost in orders and compared to the same weekend in 2010, and the biggest increases were for Canadian merchants. OrderDynamics says that Cyber Monday remains the single largest online shopping day of the year with a 22% increase over 2010 performance.
Some of the merchants with Canadian stores that OrderDynamics serves are Henry's, Kitchen Stuff Plus, Laura, Olly and Walking on a Cloud.
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Order Dynamics is an on-demand e-commerce platform provider for high-growth business-to-consumer and business-to-business companies. Order... [more]
The world's largest professional network on the Internet now has with more than 150 million members and continues to grow at a rapid clip.
Last month LinkedIn announced that it has reached the milestone of five million members in Canada. This means that one in six Canadians are now on LinkedIn. Today LinkedIn announced the breakdown by city across Canada.
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LinkedIn is an interconnected network of experienced professionals from around the world, representing 150 industries and 200 countries. You can... [more]
This morning Telus Corporation reported fourth quarter 2011 revenue of $2.7 Billion, an increase of more than five per cent over the same period last year. The increase was generated by 6.5% growth in wireless revenue and four per cent growth in wireline revenue, both driven by strong data growth.
The company closed the year with strong subscriber results across all major product lines. Telus added 148,000 postpaid wireless customers in the fourth quarter as smartphone adoption continued to accelerate, causing wireless data revenue to increase by 43%.
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Yesterday Plentyoffish.com Founder Markus Frind declared on his blog that the the Web is dead and the future of online dating is mobile. Considering his stats, it hard to argue with him.
In the last year POF has gone from having no mobile apps to 300 Million visits and 3 Billion page views a month. And according to Frind, mobile traffic continues to grow at 3% a week!
By comparison the POF website has been around since 2003 and only has 160 Million visits a month accounting for 4 Billion page views. To give a sense of how quickly mobile is taking over online dating, 40% of POF signups in the United States are now via a mobile device up from under 10% this time last year.
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Plentyoffish.com is a 100% FREE online dating site, and is constantly improving based on your feedback. You will notice everything on this online... [more]
When I worked on the Kraft Tassimo account as a brand representative in 2009 and 2010 the single-cup coffee machine was all the rage at outlets like Wal-Mart, Home Outfitters, Canadian Tire and more.
You'd often set up your coffee stand and you'd see the rival representatives from Keurig or Nestle working the same store as you. The single cup coffee market according to Reuters is 8% of worldwide coffee sales, but it was cheaper to buy the machine and the t-discs than go to the coffee shoppe on a daily basis.
After all, they say time waiting in line is money, too. It was just a genius idea- put in the t-disc and water, and the coffee would come out in a minute while reading a barcode versus brewing an entire pot!
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Oracle has agreed to buy Taleo Corp. for $1.9 Billion to add talent management software to its cloud computing strategy. According to today's announcement holders of Taleo will get $46 a share - that’s 18 percent higher than Taleo’s closing share price yesterday.
While any Billion dollar acquisition is big news, Techvibes tends to focus on Canadian news. So why are we covering the acquisition of Taleo?
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Taleo combines leading on-demand talent management solutions with the industry’s largest ecosystem of customers, partners and candidates.... [more]
New Brunswick's Propel ICT announced today the names of 11 startups selected to participate in the first-ever cohort of Launch36 - a program designed to accelerate the growth of Atlantic Canada’s tech sector.
Modeled off of North America’s top startup accelerators, Propel ICT's Launch 36 uses the Lean Startup approach. It is a cohort-based accelerator program for early stage technology entrepreneurs to increase their chances of long-term success by providing an early opportunity to funding, mentorship, knowledge, and support.
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Propel Accelerator is a cohort-based accelerator program for technology entrepreneurs to increase their chances of long-term success by giving them... [more]
Small Business BC has partnered the CBC's Dragons' Den to bring you An Evening With the Dragons' Den on Thursday, February 16th from 5:30pm to 9:00pm at the Yaletown Roundhouse.
Join in on a conversation with Dragon Jim Treliving and two BC business owners who pitched on this year's season of Dragons' Den.
Discover the key ingredients of a winning pitch, what it takes to succeed as an entrepreneur, how to value your business and what it's like to work with a Dragon.
Also, the executive producer of Dragons' Den will answer your questions about the upcoming auditions for the show.
Tickets are $20 and are available online.
Earlier this week, Toronto-based startup Uniiverse, an online person-to-person marketplace for offline services and activities, launched on a worldwide scale.
Built as a layer on top of existing social networking platforms, Uniiverse enables its users to meet people in a trustworthy and authentic way.
“Uniiverse is building the sharing economy, where access and experiences are more important than ownership. This movement will help the environment, global financial issues, and build stronger communities,” says Craig Follett, CEO and Chairman of Uniiverse.
Users can identify the service or activity they’re offering, the price they charge (if it's not free), and when they are offering the service or activity. “For example, a baby sitter can list their availability each week, along with their hourly fee. Other users can then see whether they have mutual friends who’ve worked with that baby sitter before and find out if they liked working with them,” says Follett.
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Uniiverse is the world's local platform for collaborative living. [more]
