A credit card with a built-in display is being tested by Visa with the aim of reducing online fraud.
The Emue Card generates and displays a unique code each time it is used.
Developers say that the new technology would make it very hard for fraudsters, as any transaction would require the pin to generate the code.
The card is currently being trialled by 500 employees of Deloitte with the aim of assessing the technology by the end of the year.
The new technology comes against a growing backdrop of fraud. While chip and pin technology has helped reduce crime at the tills, when it comes to phone, internet, and mail order fraud – known in the industry as card-not-present or CNP fraud – the figures are growing every year and now make up more than 50% of all credit card fraud.
These transactions ask for the 16-digit code on the front of the card, and expiry date and some also ask for the three digit security card on the back. All of these details are available to a criminal who has a stolen card.
via Straits Time
LOS ANGELES – PLAYBOY Enterprises Inc, which publishes the world’s most widely read adult entertainment magazine, will stop making DVDs to save about US$12 million (S$18 million) a year, and focus on distributing its content online, the company said in a regulatory filing.
Shutting its DVD operations will cost 80 jobs and US$2 million in restructuring charges, according to the filing on Wednesday with the US Securities and Exchange Commission.
With another US$4 million taken against archival materials and a receivable, the company anticipates taking US$6 million in charges against operating income for the third quarter ended Sept 30, which is expected to result in a net loss for the quarter. Continue reading
The online revolution continues to take root with young girls leading the charge according to a recent report released by The Pew Internet & American Life Project. Overall the teen demographic is responsible for driving the change that is taking place, with 64% of teens creating their own content on the net. Teenage girls between the ages of 12 to 17 are uploading photos and blogging at a faster pace than boys of the same age. 89% of all teens interact with one another by commenting on those photos posted. The report also focused on a small pocket of what they call “super-communicators” and this group, which represents 28% the teenage population is also mainly female. These are teens who rely on various methods for communications, including landline telephones, cell phones, texting, email, instant messaging and social network sites.
To read the rest of this in-depth report on who is driving this internet revolution click HERE