Payment Processing: Credit Card Security System Can Aid In Combating Terrorism

Credit card theft is an international security threat. The Department of Homeland Security, the FBI, and other agencies report that stolen data is a growing source of revenue for global terrorist organizations. Shift4 Corporation, a leading developer of enterprise payment solutions, has developed 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 a news account 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 in the British case were accused of using stolen credit card data to pay for terror-related recruitment and instructional Web sites, and to purchase suspect items, including bomb-making components. The men were also alleged to have laundered money obtained through stolen credit card numbers through Internet gambling sites.

In order to elevate the message that credit card 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 financial transaction processing software and services, provides web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices, auto rental and e-commerce markets. Through connectivity to most major processors, 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 includes the ability to access, review and edit transactions prior to settlement, as well as a searchable, 24-month archive of transactions for reporting and charge back defense. For more information about Shift4 Technology or the upcoming Real Security Summit, register online at www.shift4.com.

SOURCE: Shift4 Corporation