Community
Is this new service a mine of information for anybody that wants to access valid payment card numbers in order to use these for fraudulent on-line purchases? Or is the service PCI compliant thus making it impossible for anybody to access or use the underlying card number including the administrator of the service?
If yes, card numbers can be stolen, then this service well complements the service where a mag stripe reader can be connected to an I phone and act as "payment terminal" since there a fraudster can access physical card details by imposing as a "merchant" with the I phone + card reader and now also get card numbers for e - commerce fraud from the communities where people file them!
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
James Smith MD at Dsruptiv Ltd
01 July
Pavel Perfilov IT Manager (engineering) at hedge fund
28 June
Harshita Soni Digital Marketer at Ken Research
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
27 June
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