Stories by Lucas Mearian

Novell posts Q2 loss, plans layoffs

Struggling software company Novell Inc. today reported that it will lay off 5 percent of its employees after posting a second-quarter loss that it blamed on write-downs, slower IT spending and the company's transition from selling proprietary networking software to products that link the technology of different vendors.

Sun inks five-year, $200 million contract with Kodak

Sun Microsystems on Monday announced that it has won a five-year, US$200 million contract with Eastman Kodak Co. to expand its enterprise resource planning (ERP) system by as much as five times its current size.

Financial services giants seeding IT services

In an effort to broaden the services they offer customers, financial services companies such as Merrill Lynch & Co. and Citigroup are embracing strategic partnerships with technology and service providers to create expanded online offerings for investors, traders and others.

Visa pushes online security software on banks

IT managers for online retailers and at Visa card-issuing banks will soon be confronted with installing the latest weapon in the increasing war against online fraud: payer authentification applications.

Visa smart-card hardware ready, but software isn't

Visa International Inc. last week announced that the development of hardware needed for point-of-sale (POS) systems to read the embedded chip technology in its smart cards has been completed. However, the terminal software needed to read the cards won't be available until late this year.

Visa 'smart card' technology almost ready for use

Visa U.S.A yesterday announced that the hardware and software needed for point-of-sales (POS) systems to read the embedded chip technology in its smart cards is now available, and said bank card processors supporting 80 percent of Visa's card volume can now process smart card payment transactions.

Citigroup, Microsoft offer online money-transfer system

Citigroup Inc. said today that its person-to-person payment system, dubbed c2it, is available to subscribers of Microsoft Corp.'s MSN Internet service, allowing its more than 200 million users to send and receive cash via e-mail.

Compaq, Microsoft, others team up on financial services

Consulting firm Accenture Inc. Tuesday announced that it's teaming with Microsoft Corp., Compaq Computer Corp. and two other companies to set up a business-to-business financial services venture aimed at reducing the time it takes to process stock trading transactions.

Medical group to widen online system for doctors

The American Medical Association (AMA) today announced plans to expand the capabilities of an online system for exchanging sensitive patient data and processing medical transactions through a deal with technology vendor VeriSign Inc.

MasterCard plans for IP-based global payment network

Calling it the most sweeping technology change in its history, MasterCard International Inc. last week unveiled plans to develop a new global payment processing system that will use the credit card company's IP network to link its 20,000 member banks to retailers and other merchants.

Banks urged not to forget their roots

While consumers continue to grow more comfortable with the use of technology, banks and other financial institutions should use the Internet as a tool of convenience and not as a replacement for traditional brick-and-mortar services, according to analysts at a financial services conference.

Many federal Web sites use cookies to track users

More than 60 federal agency Web sites use software to track the habits of users despite rules banning the practice, according to preliminary findings in a report to Congress on Internet privacy released Monday.

Storage conference: Long-term view taking precedence

The days when users would buy new storage technology based on things such as improved data backup speeds or immediate cost savings have passed due to the softening economy. Now, companies are focusing on total cost of ownership and the long-term returns that storage investments can bring.

Standards group dumps storage protection proposal

The latest in a line of controversial standard proposals aimed at preventing the copying and unauthorized distribution of protected data stored on removable media devices has been rejected by the technical committee working on the issue.