World Market Offers Secure Answer to Target Credit and Debit Card Data Theft

Jan. 16, 2014 - PRLog -- Most consumers are horrified and angry that their credit and debit card records and confidential financial information is being exposed to theft and compromise.  The compromised data is being used to perform credit card fraud, steal identities and perform other types of financial fraud and theft.

The fact that as many as 110 million of Target Store’s customers’ financial data was stolen and compromised is horrible.  The fact that a compromise also occurred at Neiman Marcus and to about 45 million consumers at TJX Cos., which runs stores such as T.J. Maxx and Marshall's, is more stunning to many.

But the really shocking fact is that with the existing credit card and debit card payment systems, used by nearly all retailers there is no way to totally stop these cyber crime break-ins and theft of consumer’s financial data.

The credit and debit card payment records and other consumer financial information, both in the US and globally, are being protected by very old and feeble technology. This antiquated technology has historically proven its inability to stop modern day cyber attacks.  The US payment systems are very old.  But, even the newer Chip and Pin, or the EMV smart card payment systems used in many countries are ineffective against a professional cyber crime attack.

In a recent meeting, Dr. Glenn Gearhart, CEO of World Market Vendor Services Inc., addressed the solution to this issue.  He stated, “The only truly effective solution is the propriety system developed by World Market and PinPay.  Consumers never use a credit or debit card to make a purchase.  All transactions are with secure electronic cash.  No credit or debit card data is ever stored or provided to anyone.

A consumer’s credit or debit card  financial information is never entered into any computer database.  Therefore, a consumer’s financial information can never be stolen or compromised.  If a cyber criminal breaks-in to a retailer’s  computers there are no credit or debit card records to steal.  That is the perfect and only truly secure solution to protecting and securing a consumer’s financial information. ”

It was also announced at the meeting, that this modern technology was designed as a crime proof payment system and is currently operating in beta.  Soon all 2.4 billion global online shoppers, at the World Market shopping center and outlet mall, will have this technology available.

In the mean time, change your debit card PIN code often, and monitor your credit card transaction records constantly!

Come join us and help banish debit and credit card fraud! http://worldmarket.pinpay.co/home.php