Contact theSOPAbout theSOPSupport theSOPWritersEditorsManaging Editors
theSOP logo
Published:March 13th, 2008 05:37 EST
Saving Money better than Taxing

Saving Money better than Taxing

By SOP newswire

Dear Judyth Piazza

Why is the government failing to realise that they have option to generate income simply by saving massive losses caused by fraud crimes etc. rather than go on increasing taxes. Following reports show that they are ignoring to save us these massive losses by ignoring to exploit KEY and PIN system described on website www.xwave.co.uk which will deter virtually all fraud crimes by making signature and PIN systems reliable and foolproof.

Credit card fraud reaches record levels <http://ftadviser.com/FTAdviser/Insurance/News/article/20080312/39fdaf52-f02a-11dc-bfbb-0015171400aa/Credit-card-fraud-reaches-record-levels.jsp> This shows that banks should realise to exploit KEY and PIN system rather than Chip and PIN system which rather than combating diverts fraud to other sectors. I see no reason why we should not use ID KEY to our advantage like our other keys.

Fraud - Changes to Police Targets Demanded

<http://www.creditman.biz/uk/members/news-view.asp?newsviewID=8239&id=1&mylocation=News&chksrc=NNow4251> This shows that government's and bank's data protection and Chip and PIN systems are not deterring fraudsters and so they should consider option of exploiting proposed KEY and PIN system.

Identity fraud is a booming crime in Britain 77500 cases of ID theft a year This report shows that until KEY and PIN system is exploited we will continue to rely on outdated signature and PIN systems and so fraud crimes will continue to grow.

Identity thieves hard to catch, prosecute

http://www.mlive.com/news/index.ssf/2008/03/identity_thieves_hard_to_catch.html This report shows that identity fraud will continue to grow because in the event of crime signatures do not even expose person's gender. Current signature system is like passports without photos and that is why it is so difficult to deter and prosecute fraudsters. Fraudsters can misuse victim's personal details but not their unique appearance (visible biometric).

Mortgage fraud 'is funding crime'<http://www.independent.co.uk/news/business/news/organised-crime-turning-to-mortgage-fraud-791934.html> This report shows that our bad problems will get worse until we exploit proposed KEY and PIN system since other systems are failing to deter fraudsters.

Identity fraud can affect your job prospects <http://www.kentonline.co.uk/news/default.asp?article_id=38996> This report shows that the government and banks should exploit KEY and PIN system to protect the public and entire business industry from becoming victims of fraud. Along with others deterring fraud will benefit the government by saving police, courts and prisons fortunes financially and in time wastage. How else would we deter fraudsters from gettinh]g tempted to misuse our stolen personal and card details?

ATM fraud gets easier http://www.avertlabs.com/research/blog/index.php/2008/02/29/atm-fraud-gets-easier/ This report shows that banks are letting bad problems get worse by not exploiting KEY and PIN system which will deter virtually all fraud crimes such as identity fraud, mail order fraud if signatures on delivery notes are personalised, bogus con-trader fraud if traders personalise their signatures on receipts and card fraud at ATMs and retail outlets by relying on Card Key code to activate PIN transactions. This system will save banks fortunes they waste on fraud diverting Chip and PIN system.

Card fraud goes global http://www.retail-week.com/ChannelComment/2008/03/card_fraud_goes_global.html This report shows that the government should make the banks exploit KEY and PIN system to protect the public and business industry from becoming victims of fraud. 

To see BBC video clip on personalised signature system please click on following link http://picasaweb.google.com/fletcherpss/PersonalisedSignatures and than click on slide show.

Proposed KEY and PIN system can be treated as a reliable universal international ID card because it will personalise signature and PIN number to only the right individuals in any country.

Kiosks supplying ID stickers and ID KEYs will be ready by the end of the month.

We hope that these details will make the government and banks exploit KEY and PIN system before it is too late to stop a fraud boom which along with higher taxes will cost us fortunes.

Please do not hesitate to contact us if you need further information on proposed KEY and PIN system.

Thank you.

Regards,

Yogesh Raja (Executive Director)

Visual Security International Limited , 9 Bond Close, Aylesbury, Bucks. HP21 8FZ, U.K.

Mobile 07989 344509 Website www.xwave.co.uk  Email ykr@btinternet.com

WARNING: Idea of ID stickers and Card Key Code used in ID KEY system are rights protected by granted patents while the stationary used is protected by copyrights. U.K. (Patent no. 2301555 and 2334362), Europe (Patent no.EP0748285 which covers 13 countries) and U.S.A. (Patent no. 5,884,942)