SkimProt – coming to market in October 2013
From October 2013 you can find on market SkimProt – protective stripe for bank cards against illegal data copying /skimming/.
The stripe is Bulgarian invention and protects bank cards for cashless payment from personal data stealing and using it without the owner’s knowledge.
Places where bank card’s data can be stolen:
The bank card’s issuer or the authorization center
Standalone ATM (Automated Teller Machine)
Devices for cashless payment in shops
Places for cashless payment in shops
Internet shops
Electronic transactions
Copying bank cards methods while using ATM:
Copying data from the magnetic stripe
Recording the PIN code
According to information from 2011, depending on the transactions kind and volume which the different banks support, the losses in Bulgaria from recovery of amounts, stolen via skimming, are between 100 000 and 250 000 BGN yearly for each bank.
Fixing the data skimming as a serious problem, two Bulgarians decided to find solution; in result a protection stripе for bank cards was invented. Invented, because the stripе and the principle are protected in the Patent Office and they are globally unique. The stripе’s trade name is SkimProt.
The stripе working principle is elementary. SkimProt has to be glued over the magnetic stripе on the bank card. The special stripе composition, as well as the recorded codes on it, blocks the access to the data, written on the magnetic stripе of the bank card. At the same time give command to the ATM to receive the card and do the transaction using the chip data. If it is used on an ATM with skimmer mounted, the skimmer can’t read the magnetic stripе data, but reads the protection stripе data. Then even if the criminals have stolen the PIN code, they don’t have the enough data to conduct transaction and the bank card is protected. A protection stripе can be used for a long time, until breach appears or begin to unglue. Then the protection stripе has to be changed with a new one.
If the protection stripе user is abroad and get to ATM or terminal doesn’t working with chip, then there are two choices: unglue the protection stripе on his own risk or search for another terminal working with chip.
The protection stripе is designed to be used only on bank cards with magnetic stripе and contact chip.
The protection stripе doesn’t hinder using the bank card as access control card when opening doors in places for ATMs. The reliability of the records on the protection stripе is the same as the bank card magnetic stripе reliability, and there aren’t more special conditions to keep and use it /electromagnetic fields influence, X-rays, mechanical, etc./.
For any further information or orders, please contact us.
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