Built on a two-factor merchant transaction verification process, the SecureCard is designed to completely eliminate credit card fraud.

Standard credit card payment systems within the industry have lacked the necessary means to prevent fraud. As a US$40-60 billion industry, credit card fraud is most commonly committed through stolen information copied from retailers, both online and offline. Compromised company databases are also a source of customer data exposure as a result of hackers or dishonest employees. Total credit card fraud in the United States has been estimated to be over US$3.0 billion in 2006.

In response to this abundant fraudulent activity, SecureCard Technologies has introduced a credit card that is specifically designed to protect the consumers and the merchant. Using an authentication and authorization platform, SecureCard utilizes an additional layer of security that displays a random authentication number on the computer chip-embedded credit card powered by a new battery technology and an Organic Light-emitting Diode (OLED) screen.

The authentication dynamic code that is assigned to that transaction and customer changes every 60 seconds. Synched with a secure authentication server, the authentication number is verified for validity using a time-based algorithm before the transaction is approved.

For more info., contact to email swm@infothe.com

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