APPLICATIONS
Financial, Credit Card & Blockchain
Issue:
Example 1: With the new Chip and Pin implementation, most all credit cards are being shipped to consumers already activated. The RF signal is able to be read by unscrupulous persons and the cards presence confirmed and then taken and used. Securing the shipment and delivery of these types of credit and personal ID cards is becoming more and more of a focus by banks and other organizations wishing to provide product through general delivery and postal agencies.
Example 2: Currency denominations and financial documents have covert security features (watermarks, security thread, optically variable ink, etc.) which require human intervention for detection and authentication. This leaves a window for human error. Feature checking requires either diverse equipment or continued awareness campaigns and knowledge retention by the masses to ascertain the presence/absence of these features. Every time a new feature is introduced, a new awareness program is needed. These programs are never totally effective.
Solution:
Our ZorSecure™ technology can safeguard the delivery and activation of credit and Secure ID cards. By placing a ZorID™ label onto the card and mailer, the issuing agency can require the user to scan the card with their mobile device which intern is then time, date and location stamped. By collecting and associating the phone to the ZorID™ label, the chance of Card Not Present (CNP) transactions occurring is eliminated as each purchase is authenticated.
Mobile App Screens: