PAY GENIE

Debit and credit cards have been with us for decades now, but with little technological advances and extremely poor security. Merchant bankers and retail bankers are struggling with complex algorithms attempting detect potential card fraud, but always in retrospect and even the predictive algorithms provide many false positives. The most recent advance of contactless payments have provided convenience, but are also limited in payment amounts and extremely vulnerable to security flaws, including roaming POS readers set to withdraw small amounts of money upon close contact. NFC based readers and dongle-based Android / iPhone devices are capable of being infected or exploited, thus leading to potential security flaws at edge. Prepare yourselves for the future of payment solutions...