SAFE® Technology to Change the Credit and Debit Card Industry Forever
“Traffic jam when you’re already late. A no-smoking sign on your cigarette break. 10,000 spoons when all you need is knife…” Promoting SAFE® Technology and getting your credit card information stolen…. Oh, that’s not the ending of the song? Well, that was the “ending” for an employee here at M2. Isn’t it ironic?
M2 has developed the safest card in the world, and one of our employees chose to use his bank-issued debit card instead while out to brunch with some friends; long story short, someone skimmed his card and by the very next day he’d been charged for purchases in Texas, Chicago, New York, and Miami. (We’re in Saint Petersburg, FL.)
It’s incredible (incredibly unfortunate) just how quickly someone can steal from your bank account. You probably think that there’s no way it could ever happen to you, right? But the chances that it will happen to you are rising. The number of U.S. identity fraud victims increased 22 percent in 2008 to 9.9 million adults, and the total annual fraud amount jumped 7 percent to $48 billion.
Don’t worry; there is a solution. In order to drastically reduce fraud all around the world, preventing the annual loss of billions of dollars, M2 is now leasing SAFE® Technology to all major credit and debit card companies.
SAFE® (Secure Access for Ecommerce) is a technology that allows consumers to request a unique CVV code for every new purchase. Using this security is like using a new card every time you make a purchase. A new code is automatically generated and sent to cardholders via text message or email. These dynamic codes are transaction specific, and expire after each use.
Not only can you use a new code for each use, but you can also lock your card via SMS (Short Message Service) between transactions.
Here’s an overview of more groundbreaking features:
• Use card equipped with SAFE® Technology anywhere your major credit or debit card is accepted.
• Request a new CVV code for every transaction.
• M2’s patented Geotag® location database validates your IP registration information for every transaction.
• Lock your card to prevent fraudulent charges.
• Unlock your card and use instantly.
• Receive text messages or email alerts with balance information
• Make secure purchases and card-to-card transfers
• Instantly send and receive funds to and from the other side of the world, 24/7
• Transfer funds from card to card instantly
• Change PIN, CVV, check balances and send money all by text message
• Access your accounts online or through a mobile app
The best part? We operate on a “cloud” infrastructure, so it will be very convenient for all major credit and debit card companies to implement SAFE®. As a consumer, you won’t have to order a new card. Keep the card you have, and when your credit or debit card company licenses SAFE®, you’ll automatically have access to the most sophisticated security features available anywhere. Your card will become virtually fraud proof.
All major credit card companies now have the ability to offer this security and control to their consumers, and have the opportunity to increase security and convenience throughout the entire industry.
Giving the power of card security to the cardholder will change the credit and debit card industry forever.
NOTE: The United States Patent and Trademark Office awarded M2 with a patent for SAFE® in May 2011.
For more information please contact M2 President Ryan Colgrove
727-498-1036 – office | 727-460-8185 – mobile
ryan@m2worlwidellc.com