swIDch overcomes limitations of numberless cards by using dynamic PANs

A UK cybersecurity startup, swIDch, announced an alternative technology to overcome the limitations of numberless cards by using dynamic PANs (primary account number), thereby creating a new security environment in the payment process. Eliminating numbers on payment cards increases security if customers lose their card. However, hackers can exploit weaknesses through online payments. Numberless cards appear to be a new trend in finance combined with a substantial growth of e-wallet services. Apple’s credit card, GrabPay … appeared first on Help Net Security.