Final Generates a New Card Number for Every Retailer You Patronize
Michael Hemsworth — October 19, 2014 — Business
When your credit card number has been breached, you need to completely eliminate that number and start from scratch; Final is looking to change that by offering shoppers a new and innovative approach to personal security management. When using Final, the company provides a unique number to each different retailer you visit, which means that if or when that number is compromised, Final can simply discontinue that one and replace it.
The clever approach to security and credit card theft is as innovative as it is easy. Moreover, Final will make shopping a breeze as you'll virtually never need to receive a new card again (that is unless you lose it, which isn't a big deal either).
The clever approach to security and credit card theft is as innovative as it is easy. Moreover, Final will make shopping a breeze as you'll virtually never need to receive a new card again (that is unless you lose it, which isn't a big deal either).
Trend Themes
1. Retailer-specific Credit Cards - Opportunity for credit card companies to create retailer-specific credit cards to enhance security for shoppers.
2. Dynamic Credit Card Numbers - Potential for credit card companies to implement dynamic number generation to improve security and prevent fraud.
3. Increased Personal Security Management - Growing trend towards increased personal security management, creating opportunities for companies to offer innovative and convenient solutions.
Industry Implications
1. Credit Card Companies - Credit card companies can leverage the innovative approach to security to boost customer satisfaction and loyalty.
2. Retail Industry - Retailers have the opportunity to partner with credit card companies to provide more secure payment options for customers.
3. Cybersecurity Industry - Growing demand for efficient and effective cybersecurity measures presents opportunities for companies to develop and market innovative solutions.
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