At least two banking institutions have posted messages on their websites, alerting members to be wary of a bogus application distributed on mobile phone platforms.
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Editor's Note: Jack Dorsey's Square has garnered a lot of media attention for being able to turn the iPhone into a point of sale terminal. Some have called it "game-changing"
he HomeATM device can do that... and more. It has a PCI 2.x Certified PIN Entry Device incorporated into the card reader. Which means it can conduct more secure 2FA PIN transactions. Which, of course the Square cannot.
In addition, the HomeATM magnetic stripe card reader 3DES DUKPT instantly encrypts the cardholder data at the mag-head so that the data is never in the clear.
When it comes to mobile banking, it can be used to authenticate the mobile banking customer the same way the banking customer authenticates themselves at an ATM. (Swipe Card, Enter PIN) It can also be used for online bill payments by replicating a retail brick and mortar transaction.
An exclusive feature of the HomeATM device is that can also be utilized for instant (real-time) person to person money transfer, from any bankcard to any bankcard. Lastly, our device can be used to securely conduct online shopping financial transactions outside the browser space. (encrypted inside the box)
he HomeATM device can do that... and more. It has a PCI 2.x Certified PIN Entry Device incorporated into the card reader. Which means it can conduct more secure 2FA PIN transactions. Which, of course the Square cannot.
In addition, the HomeATM magnetic stripe card reader 3DES DUKPT instantly encrypts the cardholder data at the mag-head so that the data is never in the clear.
When it comes to mobile banking, it can be used to authenticate the mobile banking customer the same way the banking customer authenticates themselves at an ATM. (Swipe Card, Enter PIN) It can also be used for online bill payments by replicating a retail brick and mortar transaction.
An exclusive feature of the HomeATM device is that can also be utilized for instant (real-time) person to person money transfer, from any bankcard to any bankcard. Lastly, our device can be used to securely conduct online shopping financial transactions outside the browser space. (encrypted inside the box)
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