Research in Motion Limited (USA) (NASDAQ:RIMM) Gets Approval for Mobile Payment Solution - IRDM, TEO, MOTR

Pompano Beach, FL -- (SBWIRE) -- 01/16/2013 -- Research In Motion Limited (USA) (NASDAQ:RIMM) declared that its Secure Element Manager or SEM solution for NFC or Near Field Communication mobile imbursements has been authorized by Visa.

Research In Motion announced that its SEM is the backend solution for carriers that can steadily manage authorizations on SIM or subscriber identity module cards installed in all kinds of NFC-capable mobile gadgets.

Is RIMM a Solid Investment at These Levels? Read This Report For Details

Today's declaration from Research In Motion builds on the latest deployment of mobile payments in Canada by EnStream, a JV of Bell, Rogers and TELUS, which is a user of Research In Motion Limited’s SEM solution.

At the current trading session, Research In Motion Limited (USA) (NASDAQ:RIMM) shares gained +3.28% to $14.95 while The Stock traded within the range of $14.65 – $15.36. In the past year, the stock has traded within a range of $6.22 – $17.96. The current session’s volume of 39.93 million shares is down from the average daily trading volume of 47.80 million shares.

Will RIMM Continue To Move Higher? Find Out Here

While If we look at the few other stocks within industry, Iridium Communications Inc., Telecom Argentina S.A. and Motricity Inc are remain in gainer lisr. Let’s have a quick look on their Market performance.

Iridium Communications Inc. (NASDAQ:IRDM) shares are up +0.88% to $6.88 while the stock is traded within the range of $6.81 – $6.91 in the current trading session. In the last 12 months the shares have traded between $5.25 and $9.73. The current session’s volume of 186,411 shares is lower than their average daily trading volume of 573,210 shares.

For How Long IRDM’s Gloss will Attract Investors? Find out via this report

Telecom Argentina S.A. (ADR) (NYSE:TEO) shares in the current session moved up +0.30% reaching at $13.21. The stock traded in a range of $13.02 – $13.36. In the last year the stock has moved within a range of $9.12 – $22.33. The current session’s volume of 132,502 shares is higher from their average daily trading volume of 205,832 shares.

For How Long TEO will Fight for Profitability? Read This Trend Analysis report

Another rival company Motricity Inc (NASDAQ:MOTR) trading up +0.75% to $0.444. Intraday trading recorded the stock price in a range of $0.44 to $0.45. In the previous 52 weeks the stock’s price ranged between $0.36 and $1.85. The current session’s volume of 61,458 shares was higher from their average daily trading volume of 679,057 shares.

Why Should Investors Buy MOTR After The Recent Gain? Just Go Here and Find Out

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