Ex-Tyco Auditor Settling Fraud Suit -- Courant.com

PricewaterhouseCoopers LLP has agreed to pay $225 million to settle a class-action lawsuit brought by shareholders of Tyco International Ltd.

[Tom]

Card and cheque fraud will continue to grow until banks implement ID KEY system described on website www.xwave.co.uk

ID KEY (memory stick or card) which will have Card Key Code matching individual card or cards will reduce card fraud to virtually ZERO at retail outlets and ATMs because fraudsters will not be able to obtain this invisible and changing to new value after every transaction complex code required for activating transaction.



Why would fraudsters get tempted to use stolen or skimmed cards when they know that unless they have the right ID KEY they will not have option to enter PIN number to conclude transaction? This system will eliminate the need for us to use CHIP on cards and even protect our PIN numbers.



Image and name retained on ID KEY will activate printer to print ID sticker (small sticker with image and name printed on it) at any transaction point. This will enable us to personalise our signatures to deter identity fraud.

Government MUST make banks implement ID KEY system to protect the public and traders from becoming victims of card and cheque fraud because since 1994 they are declining to exploit this system to combat virtually all financial frauds. Along with banks, this system will save police, courts and prisons fortunes plus deter doggy traders from selling our personal and card details to fraudsters and terrorists.

[hey there]

My local bank just sent notice that they are implementing this system.