Those running businesses in the UK might tend to think that their staff, merchandise, and customers are safe from trouble so ling as a credit card or plastic security card is in place. As reported on by the United States FBI, it turns out you may be far more vulnerable than you realize. For every method that’s been developed for creating plastic security cards, there’s a companion method for defeating it. This piece will investigate how counterfeiters can match methods used to make MasterCard or Visa cards. Considering that the two cover approximately 65% of the credit card debt in the United States, scammers look to duplicate these cards most often. It’s clear that if these two corporate entities can be hit with fraudulence, no company is safe from the same threat.
At one time, a printed logo and background on a piece of blank, white plastic was all it took for forgers to pass fake cards off as legitimate. Unfortunately, the card counterfeiters have evolved their duplication process into a multi-step procedure that uses not only card printers but also embossers (for raised lettering), laminators and foil tipping of embossed lettering. In fact, counterfeiters are now capable of using counterfeit holograms and fully encoded false magnetic stripes in their products. Armed with computers, card printing equipment and blank card stock, counterfeiters can create a fake credit card with astounding ease.
To counter this, there’s a new generation of plastic credit card technology that contains a computer chip instead of a hologram. A chip placed in these “smart cards” will harbor a more secure brand of information at the “cost” of PIN (personal identification number) verification to use them.
UK business owners are cautioned to be vigilant when implementing a plastic security card in their stores and offices, due to the ease with which a plastic card can be counterfeited.
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