That's neat... $DIGAF
Securter Systems is a newly-formed subsidiary of Digatrade. The name Securter describes both the technology itself and Securter Systems that is developing a proprietary payment platform that increases the security of credit card holder information and enhances the authentication of online credit card purchases. These enhancements help online merchants and banks significantly reduce Card-Not-Present (“CNP”) fraud. CNP Fraud losses are estimated at over US$6 Billion annually in North America.
Securter Systems may also reduce the costs associated with PCI DSS compliance, a payments industry processing protocol. Securter Systems technology, which is now patent pending, focuses on cardholder identification for transaction verification.
Following EMV (a credit card cooperative association) technology migration to reduce counterfeit fraud at “point of sale” (POS), criminals are currently able to steal credit card information from personal computers & open public networks. Securter Systems has researched and is developing the software and hardware of a next generation of online user authentication that is based on remote processing of EMV/smart credit/debit cards. Securter Systems’ payment platform adapts and extends conventional and existing methods, by going beyond the most reliable EMV technology (currently intended for physical Point of Sales / POS) to secure EMV online payments as well.
The research and development is related to the cyber-security field, in order to provide robust system architecture without dependence upon any kind of personal computer vulnerabilities. This is possible because all operations are performed on two trusted sides – the bank side and a smart-card secured microprocessor. This eliminates the need for costly risk management by intermediate servers (that is the norm today).
Intellectual Property
We rely on Patent (pending), trademark, copyright and trade secret laws, confidentiality procedures, and contractual provisions to protect our technology.
Our IP includes "know how", programming code, business plans, potential customer and partner lists, ideas related to R&D cycle and other confidential information to protect IP as trade secrets.
As of November 19, 2015, we had filled provisional patent pending application that was continued as a PCT patent application that currently started the examination in the United States and Canada. Securter Systems Inc. International Patent Application “Coordinator managed payments” No. PCT/CA2016/051294 intended to cover overall payment/authentication system architecture and possible implementation of a very secure payment terminal.
The proposed payment system architecture allows:
*very reliable customer authentication and authorization based on processing smart cards
* technology implementation in a variety of potential business directions such as e-commerce/retail, e-gov (Digital ID), IoT payments/authentication, e-banking (especially for unbanked population), digital authentication services, blockchain cryptocurrencies, etc.
US Patent application status:
On May 21st, 2019 we had filled US Revival Patent application and assignment (including a Petition to revive) with the United States Patent and Trademark Office. This application was filed as a small entity (less than 500 employees) and the application number is 16/462,548.
On June 12th, 2019 we have received notice that the application was revived as of June 11th, 2019.
