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The Current signature system is like passports without photos and
that is why it is so difficult to deter and prosecute fraudsters.
Traders
will be able to use mobile phone size device to activate printer to
instantly print ID stickers for those who do not have ID KEY. Please
contact us for more details on this system. Soon the public will be
able to buy pocket size book with 64 ID stickers online.
Apart from personalising
signatures individuals will be able to use ID stickers to
personalise other items such as books, greeting cards, office
equipment, and even medication and medical reports to prevent fatal
mistakes.
Banks have replaced
signature with Chip and PIN for card transactions but yet boost
identity fraud by relying on signatures on agreements, cheques,
money withdrawal notes, delivery notes etc.
Component 2:
A Card Key Code which will
be personalised to all person’s credit/debit cards and would be
required to activate card transaction at ATMs and retail outlets.
The Card Key Code would change to a new value after every
transaction at data centre and on the ID KEY to deter anyone from
getting tempted to make copy of this unique security code. This system will deter fraudsters from getting tempted to use
stolen and skimmed cards since they will not have option to pick
invisible electronic Card Key Code needed to activate transaction.
If required we could encrypt Card Key Code as a
security code for online banking etc To make ID KEY safer we
will have option to activate it with the finger print of the right
person.
Proposed ID KEY system
will deter all fraud crimes which even Chip and PIN, data protection
and biometric ID cards will fail to deter. This system will
eliminate the need for us to protect our personal and card details
since it will deter fraudsters from getting tempted to misuse these
stolen details.
Fake documents have made the signature system unreliable and micro
cameras and micro contact
sensors have made PIN system unreliable and therefore it is
imperative that these outdated transaction concluding systems be
made reliable by using the proposed system to stop fraud from
becoming a big easy money making business. Report on the following
link shows that current Chip and PIN system does allow individuals
to fake fraud crimes to make easy money
<http://www.timesonline.co.uk/tol/money/article6250206.ece>
ID KEY system can be
treated like international ID card since it will personalise
signature and PIN only to the right individual in any country.
Video clips of following site show that
all current systems are failing to combat fraud crimes
http://news.bbc.co.uk/1/hi/uk/8024125.stm
and so proposed system should be exploited to stop a fraud boom
which will be far worse than credit crunch.
Reports on the following
links show that it would be economical for the banks to exploit the
proposed system which will save them massive losses caused by fraud
crimes.
http://www.independent.co.uk/news/business/news/fraudsters-face-uks-extremely-thin-blue-line-1689922.html>
As Economy Worsens, More Americans Fear
Card Fraud and Identity Theft
European ATM Fraud Attacks up 149%
Says EAST Report
<http://www.independent.co.uk/news/business/news/blow-whistle-on-corruption-or-else-ndash-police-1662648.html>
Banks face a bigger risk than robbery in high-tech heists
UK online
banking fraud jumps 132%
<http://www.itpro.co.uk/610558/pin-numbers-at-risk-from-cashing-out-cybercriminals>
Along with financial institutions and the entire
business industry reduction in fraud crimes will also save police,
courts, and prisons fortune (financially and in time wastage) which
they could put to better use.
Please do not hesitate to contact us if you wish to
a.
Supply us right hardware required
b.
Exploit proposed system under licensing agreement
c.
Bu
patent rights of some European countries
If you
have questions on proposed ID KEY system, please do not hesitate to
contact us.
Yogesh Raja (Executive Director)
Visual Security International Limited , 9 Bond Close, Aylesbury,
Bucks. HP21 8FZ, U.K.
Mobile 07989 344509 Website
www.xwave.co.uk Email
ykr@btinternet.com
WARNING:
Idea of ID stickers and Card Key Code used in ID KEY system are
rights protected by granted patents while the stationary used is
protected by copyrights. U.K. (Patent no.
2301555 and 2334362), Europe
(Patent no.EP0748285) and U.S.A. (Patent no. 5,884,942)
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