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Document Security Systems, Inc. Message Board

rowdyted 4 posts  |  Last Activity: Mar 4, 2014 1:10 PM Member since: Apr 1, 2011
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  • Reply to

    Promontions?

    by c_ironman Mar 4, 2014 10:05 AM
    rowdyted rowdyted Mar 4, 2014 1:10 PM Flag

    Maybe the new promotions are being given to take care of the most important people in the event of a sale. There are likely new contracts that come with these promotions, which may include some language that gives a nice bonus or grants shares to the individual once the company is sold which may not have been the case in their previous positions. You gotta take care of your employees first.

  • Sounds like Mastercard won't be using Validsoft...has this been brought up on the board yet? Does ETAK have the patents that cover phone geolocation security for CC transactions?

    "Mastercard and roaming infrastructure company Syniverse have come up with a way to protect credit card transactions abroad with help from a phone's location.

    The two companies are piloting a service that will enable card transactions for users only when they have their mobile device switched on in a specific geolocation abroad. The aim is to reduce fraud and decrease the number of real transactions that are declined.

    "Between 50 and 80 percent of transactions that are declined are actually legitimate transactions, but they are declined by financial institutions for security reasons," said Hany Fam, president of Global Strategic Alliances at MasterCard.

    Within 300 milliseconds, a check goes from the payment terminal into Syniverse's platform, which keeps track of where roaming phones are located, then information is returned about whether a transaction should be approved or denied, according to Mary Clark, chief marketing officer at Syniverse.

    The platform has been developed to do more than secure transactions, including implementing targeted offers, which will be made more relevant by knowing the location of a mobile device, for example, in close proximity to a retail store, according to the two companies.

    As soon as a location is used, there are privacy issues that have to be addressed. Users will have to opt-in to the service in advance.

    For this to eventually work, banks and mobile operators would have to be onboard."

  • Reply to

    Royalty Rate set at 6.5%

    by rowdyted Jan 28, 2014 4:10 PM
    rowdyted rowdyted Jan 28, 2014 4:14 PM Flag

    It's on their Twitter, find it yourself.

  • via Markman Advisors tweet

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