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.
Stories by Lucas Mearian
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.
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.
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.
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.
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.
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.
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.
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.
A problem with Microsoft Corp. software involving the switch to daylight-saving time this weekend left thousands of eBay Inc. customers confused for about 24 hours over when auctions started and ended, terminating some auctions while in other cases telling members that they still had an hour to bid.
Beleaguered software vendor MicroStrategy Tuesday warned that its first-quarter financial results will likely be below expectations and announced plans to cut about one-third of its 1,900 workers and to focus solely on its core business intelligence applications.
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, such as flash memory, Zip drives and DVDs, has been narrowly voted down by the technical committee that's working on the issue.
After 22 years in the hard disk drive manufacturing business, Quantum Corp. announced today that its stockholders have approved the sale of its hard-drive division to Maxtor Corp. for US$1.1 billion in stock. The sale also marks a new course for Quantum, which confirmed its leap into a pure-play enterprise storage solutions company.
Microsoft is warning users about a security hole in Internet Explorer that could be used to force the Web browser to automatically open HTML e-mail attachments, potentially enabling attacks in which malicious hackers could delete data from PCs or cause other types of damage.
As chief technology officer at Visa US, which handles 35 billion online transactions annually, Scott Thompson is pummeled with pitches about new networked storage technology that promises to reduce workload and bring a higher return on investment.