Credit Card Security System Can Aid In Combating Terrorism

Removing Card Data Cuts Off Money Source

Las Vegas (August 16, 2007) – Credit card theft is an international security threat. The Department of Homeland Security, the FBI, and other agencies report that data theft is a growing source of revenue for global terrorist organizations. Shift4 Corporation, a leading developer of enterprise payment solutions, has developed 4Go, a patent protected technology that combats credit card theft by removing all useable card data at the merchant level so it can never be used by criminals and terrorist organizations.

According to news accounts in washingtonpost.com, British investigators uncovered “a significant link between Islamic terrorist groups and cyber-crime, and experts say security officials must do more to understand and confront cyber-crime as part of any overall strategy for combating terrorism.”

Three men who pleaded guilty were accused of using stolen credit card accounts to pay for terror-related recruitment and instructional Web sites, and to purchase terrorism-related items, including bomb-making components. The men were also alleged to have laundered money from stolen credit card accounts through Internet gambling sites. In order to elevate the message that transaction security can play a vital role in combating terrorism, Shift4 Corporation has added representatives of the U.S. Department of Justice to the roster of speakers for the 2007 Real Security Summit, September 26-27, 2007, at the Rio Hotel & Casino in Las Vegas.

About Shift4 Corporation
Shift4, a leading developer of secure payment processing software and services utilizing the Software as a Service (SaaS) model, provides real-time enterprise payment solutions for leaders in the hospitality, retail, food services, auto rental, mail/telephone order, and eCommerce markets. Leveraging connectivity to every major processor, DOLLARS ON THE NET provides both high-speed and low-cost authorizations and settlements for credit, debit, check, private label, and gift card transactions. DOLLARS ON THE NET® also features the ability to access, review, report, and edit transactions prior to settlement combined with a searchable 24-month archive of transactions for retrieval and chargeback defense. Shift4 is an innovator in payment security, being the first to deliver a tokenization solution for long-term card data protection as well as 4Go® and i4Go® to protect payment data in transit and legacy applications.

Media Contact
Gianna A. Vivo
Shift4 Corporation
702-597-2480 ext. 43300
gvivo@shift4.com

Top