Agape Blog

As credit card use is on the rise and plastic cards slowly replacing cash, it won’t be far when the common man will use smart cards freely for everyday transactions. But wait! Is it safe? However, hookies that had shifted their hooks sometime back on stealing credit card data, selling them to fraudsters and duping banks with multi-billion dollars every year, creating a wave of bankruptcy for major player banks. 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 fraudster who has a stolen credit card.

Every person has some or the other doubt in mind about using credit card. There’s a good news…Visa is launching a smart card with in-guilt display that will be extremely secured during operation and will require a four digit code in addition to the three-digit security code generated by the card, before a transaction could go through making online fraud pretty difficult if not impenetrable.

This processed technology known as the Emue system should be launched by the end of this year. Employees at Deloitte are working on this new card system to find if any vulnerability is present. Adding an extra layer for online transactions and being a consumer focused product, visa banks would welcome this system open heartedly. The developers of this emue system say that it automatically generates and displays a unique code each time it is used. Work on the battery back-up part is still in progress but should run a couple of years without trouble.

Sherwin Azavedo
Manager: Cyber Crime Complaints
Agape Inc.