Everyday millions of American shoppers swipe a credit or debit card at a retailer. The familiar motion – magnetic strip down – may soon become a thing of the past according to the Wall Street Journal. Retailers and credit card issuers are looking to reduce fraud by bringing the U.S. credit payment system – cards and all – up to the standards used by the rest of the world.
In January, Lenovo, the world’s largest PC manufacturer, purchased Google’s Motorola phone division for $2.91 billion. This marked an exit from the mobile phone market for Google after just 20 months – and marked a loss from purchase price of nearly $10 billion dollars.