Would HomeATM's "PIN My Card" Technology Remove 75%-90% of Fraud?

Would HomeATM's "PIN My Card" Technology Remove 75%-90% of Fraud?

Posted by John B. Frank Friday, March 21, 2008

In the wake of Hannaford's recent "PCI Compliant" breach of over 4 million cardholders data, there has been much written on the subject. Below is a rather interesting comment from Gartner, Inc.

Avivah Litan, a security analyst at Gartner Inc. argues that the biggest lesson is that the banking industry needs to make it harder for thieves to put stolen credit card data to use.

Requiring PINs on credit card transactions, she said, "would remove 75 to 90 percent of the fraud in the system."

HomeATM's PIN My Card technology assigns PIN's to existing cardholders Credit Cards.

Hmmm...sounds like HomeATM is on to something. Look for more on HomeATM's PIN my Card technology later....

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