Banks can offer personal card reader to customers for safer online shopping.

• Position: NEW PRODUCTS - Brief article

A PERSONAL CREDIT CARD READER called SmartSwipe has been developed by NetSecure Technologies. Banks can provide the reader to their customers to help protect private information while they shop online.

With SmartSwipe, credit card holders can swipe their credit card from their home computer just like in a store.

Using the same level of encryption found in ATMs, SmartSwipe encrypts the card information while being swiped, rendering it unreadable to hackers and malicious programs.

By providing customers with a means to safely shop online, banks have an opportunity to regain customer trust, says Daniel McCann, president, NetSecure Technologies. McCann says that SmartSwipe is the first security product that can actually generate recurring revenues for...