business news in context, analysis with attitude

Internet Retailer reports on how “mobile payments, ranging from transactions through m-commerce sites and apps to taxi credit card readers to smartphone-based mobile wallets, are on the rise,” and that “more than half of the merchants using VeriFone Systems Inc.’s payment gateway are using it for mobile payments, the company announced this week.”

• Here’s a headline that MNB wish it had had last week in its story about how Best Buy plans to close 50 of its 1,100 stores and lay off 400 employees - a move that many analysts seem to think is too little, if not too late:

It's Death By Apple For Best Buy
KC's View: