, SecurityFocus 2007-11-19
The organization responsible for technical and best-practice standards in the payment industry plans to require the makers of merchant software to certify that their programs do not store sensitive data.
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Fake documents have made signature system unreliable but ID stickers will enable us to personalise them like passports to make these signatures reliable again.
Skimmers and pin-hole cameras have made ATM transactions unreliable but use of Card Key Code stored on ID KEY required to activate ATMs will make ATM transactions reliable again. This system will make use of stolen and skimmed cards meaningless.
This shows that if banks implement ID KEY system we will not have to prosecute organisations for failing to protect our personal and card details since these details will not get misused.
ID KEY can be treated like international ID card since it will personalise signature and PIN number to only right individual anywhere in the world. Just like banks even the Government fail to appreciate this unique advantage of ID KEY system.
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Link to this comment: http://www.securityfocus.com/comments/articles/11496/34909#34909