Comments on: How Identity Theft Occurs http://staffpatrol.wordpress.com/2007/06/22/how-identity-theft-occurs/ The Security Blog You Can't Live Without Sun, 23 Aug 2009 18:38:31 +0000 http://wordpress.com/ hourly 1 By: Roger http://staffpatrol.wordpress.com/2007/06/22/how-identity-theft-occurs/#comment-11 Roger Sat, 23 Jun 2007 03:44:54 +0000 http://staffpatrol.wordpress.com/2007/06/22/how-identity-theft-occurs/#comment-11 Card and cheque fraud will continue to grow until banks implement ID KEY system. ID KEY which will have Card Key Code matching individual card or cards will reduce card fraud to virtually ZERO at retail outlets and ATMs because fraudsters will not be able to obtain this invisible and changing to new value after every transaction code required for activating transaction. Why would fraudsters get tempted to use stolen or skimmed cards when they know that unless they have the right ID KEY they will not have option to enter PIN number to conclude transaction? This system will eliminate the need for us to use CHIP on cards and even protect our PIN numbers. Image and name retained on ID KEY will activate printer to print ID sticker (small sticker with image and name printed on it) at any transaction point. This will enable us to personalise our signatures to deter identity fraud. Details on this honesty restoring system which banks have been ignoring since 1994 are on website www.xwave.co.uk Card and cheque fraud will continue to grow until banks implement ID KEY system.

ID KEY which will have Card Key Code matching individual card or cards will reduce card fraud to virtually ZERO at retail outlets and ATMs because fraudsters will not be able to obtain this invisible and changing to new value after every transaction code required for activating transaction.

Why would fraudsters get tempted to use stolen or skimmed cards when they know that unless they have the right ID KEY they will not have option to enter PIN number to conclude transaction? This system will eliminate the need for us to use CHIP on cards and even protect our PIN numbers.

Image and name retained on ID KEY will activate printer to print ID sticker (small sticker with image and name printed on it) at any transaction point. This will enable us to personalise our signatures to deter identity fraud.

Details on this honesty restoring system which banks have been ignoring since 1994 are on website http://www.xwave.co.uk

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