Credit Cards Online Information

U.K. optical lens vendor Optical Antenna Solutions, working in conjunction with researchers at Warwick University, developed and is trialing an optical device it says will help reduce credit-card fraud. The new optical lens and antenna reportedly can capture data signals from wireless phones more efficiently, over greater distances and at greater capacities. When wireless subscribers are ready to make purchases using their handsets and credit card accounts, the antennas, inserted in mobile phones to read as part of the infrared port, will be pointed toward cash registers, where similar infrared ports are located. Personal security codes are then entered into the phones, at which point the OAS antennas capture light signals carrying the data required to authorize the transactions. When the information is verified, handshakes take place, completing the purchases. South Korea is testing the system, which also will be trialed in Japan, the United Kingdom and the United States