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Fujitsu slashes profit target by 42 percent, blames Thai floods Jan 31st 2012, 10:14 NEC revealed its financial woes to the world yesterday and now Fujitsu is doing the same. The Japanese computer giant originally expected to make ¥60 billion ($790 million) in the fiscal year ending March 31st, but its latest estimate suggests ¥35 billion ($460 million) may be closer to the mark. Whereas NEC admitted there'd been a fall in demand for its products, Fujitsu has so far put the blame squarely on the recent flooding in Thailand, which hit PC sales by disrupting supplies of HDDs. Fujitsu slashes profit target by 42 percent, blames Thai floods originally appeared on Engadget on Tue, 31 Jan 2012 06:14:00 EDT. Please see our terms for use of feeds. Permalink   |  Bloomberg  | Email this | Comments MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out Jan 31st 2012, 09:42 It's been over fifteen years since MasterCard, Visa and Europay developed EMV technology to make your credit cards more secure, but it has yet to really catch on here in the US. However, MasterCard has created a master plan to help usher in the EMV era and sound the death knell for the magnetic strip. Why? The EMV infrastructure is far more fraud-resistant because each transaction is authenticated dynamically using cryptographic algorithms and a user-specific PIN. That's why MasterCard plans to help build out the EMV POS infrastructure by April of next year and have its secure e-payment system functioning at ATMs, online and with its myriad mobile payment options as well. For now, the nuts and bolts of how the credit card firm plans to bring its plan to fruition are few, but more details will be forthcoming, and there's a bit more info at the source and PR below. Continue reading MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out originally appeared on Engadget on Tue, 31 Jan 2012 05:42:00 EDT. Please see our terms for use of feeds. Permalink   |  MasterCard  | Email this | Comments

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