Sibos '91: cop in your pocket

Credit card fraud costs $250 million annually in the United Kingdom. Barclays Bank (London) can get authorization for Visa or MasterCard through its computer in Gloucester, England, and Barclays' software can handle 30 transactions per second. Also, Cardcast is a service that allows merchants t...

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Bibliographic Details
Published inThe Banker (London) p. 12
Main Author Ash, Neville Ian
Format Magazine Article
LanguageEnglish
Published London The Financial Times Limited 01.01.1991
Subjects
Alexander, Roger
Clarke, Gerry
Computers
Credit card fraud
Credit cards
Image processing systems
Mastercard
Product development
Retail stores
Satellites
Signature Verification
Smart cards
Software
Technology
Test Marketing
Visa
United Kingdom > UK
Europe
London
England
Online AccessGet full text

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Summary:Credit card fraud costs $250 million annually in the United Kingdom. Barclays Bank (London) can get authorization for Visa or MasterCard through its computer in Gloucester, England, and Barclays' software can handle 30 transactions per second. Also, Cardcast is a service that allows merchants to instantly access invalid credit card numbers. Alan Liebart Associates is testing a signature verification system using smart cards and imaging. Another possible method of thwarting fraud is using fingerprint imaging for verification.
ISSN:0005-5395