‘SafePay’: First anti-fraud system to use existing credit card readers

For the first time, researchers have developed an inexpensive, secure method to prevent mass credit card fraud using existing magnetic card readers. The novel technique — called SafePay — works by transforming disposable credit card information to electrical current and driving a magnetic card chip to simulate the behavior of a physical magnetic card.

Read more: ‘SafePay’: First anti-fraud system to use existing credit card readers