Watermark Magnetics® Security in Banking and Finance
The perfect foundation for a secure card system in banking and finance: Watermark magnetics provides a way to detect and authenticate genuine automatic teller machine (ATM) cards, eliminating the risk of fraudulent transactions.
Watermark Magnetics can stop the transfer of valid data from a genuine card to a counterfeit or stolen one. An algorithm may be used to link standard data with the Watermark code, creating a unique relationship between the two.
The technology also provides an audit trail for ATM transactions, countering the problem of phantom withdrawals. As the use of ATM cards increases, do does the incidence of electronic card crime. Fortunately, Watermark Magnetics integrates perfectly with conventional magnetic stripe technology, and is an effective weapon against fraudulent activity.
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