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eIntact WhiteCard
The WhiteCard works just like a normal credit card, but with
some compelling added benefits. Through cutting edge, patent pending
technology, the WhiteCard effectively prevents all
currently known Internet credit card fraud opportunities, offering
consumers, online merchants and banks complete peace of mind every time
a purchase is made online.
Benefits to Consumers
The WhiteCard operates just like a standard credit card, and may
in some cases be linked to your existing credit card account.
Many new secure online payment systems are based on totally new ways of doing things. This often means that not all sites are geared to process these new e-currency products. Since the WhiteCard is based on the current, universally accepted credit card payment system, every merchant on the Internet accepting existing standard credit card payments at the moment are able to process your WhiteCard transactions.
You apply for the WhiteCard in exactly the same way as for other credit cards. You use it in exactly the same way online. You are billed in exactly the same way. You enjoy exactly the same insurance benefits and backing. The bank even manages it exactly like it would any other credit card.
But the eIntact WhiteCard has some significant differences.
- It cannot be lost or stolen, plus the card's unique operation makes it impossible for anyone to abuse your card information now or in the future.
- Intelligent online statements rule out that any fraudulent or even suspect transactions can go through without your consent.
- You will find it fascinating to see any unsuccessful fraudulent attacks on your credit card account.
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Benefits to Merchants Accepting payment from clients using the WhiteCard requires
no changes to your current payment system. The card is a standard credit
card and transaction processing is via the regular merchant credit card
channel you already have in place. No system changes, no sign ups, no
hassles.
Merchants will benefit from promoting payment with the eIntact WhiteCard
as increased consumer confidence leads to increased comfort in
spending on line.
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Benefits to Banks Adopting the WhiteCard means an additional sales channel for
credit card issuing banks. WhiteCards are either issued as new
credit card accounts or as partner-card sub-accounts.
The operation of the eIntact WhiteCard also means a reduction (or
complete elimination) of physical items that need to be posted. Loss and
theft of cards either whilst in the post or in the cardholders
possession is eliminated.
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Surprising Facts about Online Fraud
Payment using the WhiteCard results in reduced online fraud and
this means a dramatic reduction in charge-backs. Trading is more
reliable without the problem of turnover being reduced by unexpected
refunds. Administration of charge-backs is virtually abolished and the
merchant can concentrate on the important business of doing business.
Banks and card issuers adopting the WhiteCard for online payment
benefit from an impressive reduction in online fraud. The time consuming
and extremely costly administration of disputes is consequently greatly
reduced.
The nature of credit card fraud may surprise you.
The following myths exist in the minds of many Internet users.
| Myth: | Hackers steal your card number through data interception and abuse it. |
| Reality: | This hardly ever happens, because most payment sites offer encryption. |
| Myth: | The Web site abuses the credit card number and charges a much higher amount to your account. |
| Reality: | The risk is no higher than in the physical world. Moreover, it is never in the online merchant's interest to abuse customers' trust, as this would ruin their ongoing trade. Already, online merchants lose 50% of their potential income due to lack of trust of online payment methods. THEY'RE JUST AS KEEN AS YOU ARE TO FIND A SOLUTION TO PROTECTING YOU. |
In reality, fraud related to credit cards online looks more like this:
- Credit card details are stored in the online merchant's databases - the information is therefore more vulnerable to employees or hackers who break into the merchant's database and obtain your credit card details for fraudulent use.
- The bulk of online internet fraud has a surprisingly similar pattern: credit card details get "intercepted" in the physical world (e.g. in a restaurant) - and used for an Internet purchase. All these rogues need to commit their crimes is your name, credit card number and expiry date.
- The kids or their friends find your credit card at home and use it for an Internet purchase.
All of the above become impossible with a WhiteCard.
You may argue that most credit cards offer comprehensive insurance to protect you in the event of fraud anyway. True, provided that you have the time and energy to pursue the issue through the many hassles that such disputes normally entail.
Privacy Protection Products
eIntact provides a series of Internet privacy protection products to
ensure that you have complete control over the extent to which your
movements on the web can or cannot be traced by others. For more details
of our current and planned core privacy protection products
please click here.
Copyright © eIntact 2000-2002