Here we update you with the hottest developments:

Twitter co-founder to release iphone payment service. The project, code-named Squirrel, will permit your iPhone to obtain credit card payments (however it is not only the one service to do this).

Whereas, just as a hot law that took effect in California, Verizon will sustain bans on text messaging while driving.

European Commission fine against Intel anticipated by Wednesday — IDG calls the case, which has been under study since 2000, “one of the most significant antitrust decisions in [the European Commission's] history.”

Here is also a presentation of Google using Microsoft PowerPoint to say it’s not a monopoly.

Sun shareholders stir to block Oracle deal — a set of shareholders has made court filings calling Oracle’s attainment offer “unfair and inadequate.”

Wolfram Alpha gets a mixed review — ReadWriteWeb says the so-called Google-killer will be useful for techies and academics, but probably not for mainstream folks.

Amazon generates its own URL shortener, which will make it simpler to link to Amazon product pages on services like Twitter.

Open web advocate Chris Messina discusses about the current state of OpenID — The video is embedded beneath:

Video Interview With Chris Messina on OpenID at Next09 (Hamburg) from Plugg Conference on Vimeo.