New Dynamics Payment Card Eradicates Significant US Fraud
BusinessWire reports Dynamics Inc., unveiled its anti-skimming technology at BAI Retail Delivery in Las Vegas. Each year, the payment ecosystem loses billions of dollars from fraudsters stealing credit card numbers. More advanced fraudsters steal credit card numbers by breaking into merchant servers where the numbers are electronically stored. Dynamics’ anti-skimming device, called the Dynamic Credit Card™, helps to protect consumers and merchants against this threat by automatically writing a new, unique dynamic security code onto its magnetic stripe for every in-store purchase. A display can also be added to the card so the card can automatically display a new, unique dynamic security code for every online purchase – thus replacing the three or four digit security code physically printed on traditional cards.
