Despite the efforts of government and trade organisations, identity fraud continues to increase un-abated. Within the first six months of 2008, and in the UK alone, plastic card fraud cost over £300m and on-line banking fraud rose by 185%. Banks are introducing new strategies to improve online access and reduce the financial impact of identity fraud for businesses and consumers alike.
Using CRYPTOCard’s proven authentication technology, the CD-1 token is the ideal solution for banks or retailers looking to use two-factor authentication to increase compliance and reduce risk from card-not-present fraud.
Combining payment card and authentication in one simple device, CD-1 provides a highly secure and cost-effective solution in the fight against identify fraud.
