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Mobile payment company Square receives investment from Visa

Mobile payments company Square, which offers a plug-in card reader that enables iPhone and Android users to accept credit card payments, has received a "strategic investment" from Visa.

Square, currently only available in the USA, recently announced that it was processing more than a million dollars per day.

Author: The Fonecast
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Three-quarters of US mobile application downloaders are using Apple or Android

The Nielsen Company has revealed recent research about mobile applications in the USA.

Its survey of mobile app downloaders - people who've downloaded an app in the past 30 days - shows that 74% of these people either have an Android device or an Apple iPhone.

Author: The Fonecast
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RIM acquires Tungle to enhance BlackBerry calendar

Canadian cloud-based calendar service Tungle has been acquired by Research In Motion.

The entire team will be joining RIM to work on the BlackBerry platform.

Author: The Fonecast
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Apple explains its iPhone location data policy

Following recent concerns about the use of location-based information on the iPhone - a topic we covered in today's podcast - Apple has published a set of questions and answers about its use of location data.

The company insists it is "not tracking the location of your iPhone" and has never done this.

Author: The Fonecast
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LG says "profit recovery on track" in quarterly results

LG Electronics has announced financial results for the three-month period ending 31st March 2011.

In a statement, the company said "stronger operating profits reflected successful cost-reduction efforts and steady performance in all four business units". It expects to see more growth thanks to its LG Optimus smartphones and its 3D televisions.

Author: The Fonecast
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