Comments on: Credit card fraud on the increase overseas http://www.financemarkets.co.uk/2007/07/20/credit-card-fraud-on-the-increase-overseas/ Finance News | UK Personal Financial News & Daily Finance Market News Mon, 14 May 2012 17:44:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Mike http://www.financemarkets.co.uk/2007/07/20/credit-card-fraud-on-the-increase-overseas/comment-page-1/#comment-471 Mike Fri, 20 Jul 2007 14:36:12 +0000 http://www.financemarkets.co.uk/2007/07/20/credit-card-fraud-on-the-increase-overseas/#comment-471 Banks have option to reduce card, cheque, mail order and identity fraud to VIRTUALLY ZERO simply by implementing ID KEY system described on website www.xwave.co.uk Fake documents have made signature system unreliable but ID stickers will 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 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. Banks have option to reduce card, cheque, mail order and identity fraud to VIRTUALLY ZERO simply by implementing ID KEY system described on website http://www.xwave.co.uk

Fake documents have made signature system unreliable but ID stickers will 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 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.

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