Encryption/Decryption Digital Sea-Change
Equifax, bank, merchant and consumer data has been compromised.
Powers-to-be need to turn the job of staying on the cutting-edge of digital encryption & decryption, over to back-office 3rd party application service providers.
It's hard for SMKG to market digital Smart Card solutions, while daily hack-attacks disrupt Wells Fargo, Equifax, and others.
Military-grade encryption & decryption must be factored-in, before recurring transactions, regardless of origin, can move A-B, in-between and through the ACH (automatic clearing house) without being compromised.
FWIW--- There is more paper fraud than electronic. Digital electronic transactions can be reconstructed in near real-time, versus paper checks and cash transactions that tend to fall-through-the-cracks. India wants to do away with large bills and go cashless & paperless, because India's underground black-market is destroying the country from the inside-out, by using large bills to conduct a crooked business.
Smart Card Encryption Marketing, while hack-attacks proliferate, could draw attention to 21st. Century Payment Data Services (Systems) & SMKG.
Money to promote secure Smart Cards and Smart Phone combinations, won't come off the sidelines, until politicians iron-out differences and vote on the rules & regulations governing the Smart Card Payment industry.
Someone(S) needs to get the attention of politicians. Let them know that load & re-loadable prepaid Smart Gift Cards, catering to the banked and non-banked masses, with or w/o FEMA help, would speed-up the clean-up and rebuilding process.
FEMA check writing is "Old Hat." DEAL!
asp42001
