Overview

PrivaSys business solutions improve the P&L of issuers by reducing fraud and providing substantial differentiation while delivering cardholders additional security and convenience.

Reduce fraud and provide cardholder security - PrivaSys delivers a method for card issuers to reduce fraud by processing a unique Dynamic Authentication Code (DAC) for each card transaction. Issuers license the PrivaSys' card technology, which includes proprietary hardware and software that is embedded within the dimensions of a conventional credit card. Dynamic Authentication Code processing nearly eliminates transaction fraud for the card issuer, including losses from skimming and card cloning, while delivering added security for the cardholder. In addition, real-time authentication based upon cardholder input, prevents the card from being compromised when lost or stolen.

Drive top line revenue through differentiation and cardholder convenience - PrivaSys technology allows an issuer to increase their revenue by attracting new customers, increasing card usage and improving retention rates. Cardholders embrace the convenience provided by the opportunity to combine multiple accounts onto a single card.

All of PrivaSys' proprietary cards are engineered for durability, reliability and performance and conform to card association rules. The Dynamic Authentication Code is compatible with all processing functions associated with a transaction i.e. authorization, settlement, adjustments, returns, stand-in processing, etc. PrivaSys' technical integration is efficient, scalable and stable. The core technology conforms to the existing processing infrastructure, ensuring instant compatibility with almost 30 million American Express, Discover, MasterCard, VISA and private label merchants worldwide. The core assets are platform agnostic, poised to scale and leverage with new electronic payments across established & emerging platforms.

PrivaSys currently offers the following business solution suites:

• SecurSys Cards - offers issuers and cardholders greatly enhanced transaction security to significantly reduce fraud. SecurSys protects the cardholders' transactions by creating a unique DAC to authenticate the cardholder for each purchase. The DAC is decrypted through PrivaSys patented (pending - Omit) VAULT software, which resides behind the issuer's firewall. SecurSys PIN card eliminates fraud associated with lost or stolen cards.
• VariSys Cards - consolidate a variety of accounts (Debit, Credit, Personal, Corporate, Airmiles, etc.) onto a single card. The VariSys card provides the same security and VAULT decryption available on the SecurSys card while delivering the convenience of multiple accounts on one card.