Comments on: Password Protected Credit Card http://www.gadgetvenue.com/password-protected-credit-card-10261742/ Tech News and Reviews Sat, 21 Nov 2009 14:29:59 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Neece http://www.gadgetvenue.com/password-protected-credit-card-10261742/comment-page-1/#comment-20996 Neece Sun, 28 Oct 2007 03:57:34 +0000 http://www.gadgetvenue.com/archives/2007/10/26/password-protected-credit-card/#comment-20996 That is so clever! It will be interesting to see where security technology goes in the near future. That is so clever! It will be interesting to see where security technology goes in the near future.

]]> By: George http://www.gadgetvenue.com/password-protected-credit-card-10261742/comment-page-1/#comment-20784 George Fri, 26 Oct 2007 18:48:44 +0000 http://www.gadgetvenue.com/archives/2007/10/26/password-protected-credit-card/#comment-20784 Banks are boosting identity and ATM fraud by not implementing ID KEY system described on website www.xwave.co.uk which will reduce card fraud, cheque fraud , mail order fraud, ATM fraud and identity fraud to VIRTUALLY ZERO permanently simply by making signature and PIN number systems reliable. Fake documents have made signature system unreliable but ID stickers will enable us to personalise them like passports to make these signatures reliable again. Skimmers and pin-hole cameras have made ATM transactions unreliable but use of Card Key Code stored on ID KEY required to activate ATMs will make ATM transactions reliable again. This system will make use of stolen and skimmed cards meaningless. This shows that if banks implement ID KEY system we will not have to prosecute organisations for failing to protect our personal and card details since these details will not get misused. ID KEY can be treated like international ID card since it will personalise signature and PIN number to only right individual anywhere in the world. Just like banks even the Government fail to appreciate this unique advantage of ID KEY system. Banks are boosting identity and ATM fraud by not implementing ID KEY system described on website http://www.xwave.co.uk which will reduce card fraud, cheque fraud , mail order fraud, ATM fraud and identity fraud to VIRTUALLY ZERO permanently simply by making signature and PIN number systems reliable.

Fake documents have made signature system unreliable but ID stickers will enable us to personalise them like passports to make these signatures reliable again.

Skimmers and pin-hole cameras have made ATM transactions unreliable but use of Card Key Code stored on ID KEY required to activate ATMs will make ATM transactions reliable again. This system will make use of stolen and skimmed cards meaningless.

This shows that if banks implement ID KEY system we will not have to prosecute organisations for failing to protect our personal and card details since these details will not get misused.

ID KEY can be treated like international ID card since it will personalise signature and PIN number to only right individual anywhere in the world. Just like banks even the Government fail to appreciate this unique advantage of ID KEY system.

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