swIDch: Why Numberless Cards Are Not Enough To Tackle Payment Fraud

LONDON, April 14 (Bernama-BUSINESS WIRE) — A UK cybersecurity startup, swIDch, announced an alternative technology to overcome the limitations of numberless cards by using dynamic PANs (primary account number), thereby creating a new security environment in the payment process.

Eliminating numbers on payment cards increases security if customers lose their card. However, hackers can exploit weaknesses through online payments.

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