Back of a bank card 2) Back of a bank card: Fig-2 shows the back

4.9 (464) · $ 1.99 · In stock

Download scientific diagram | Back of a bank card 2) Back of a bank card: Fig-2 shows the back of a bank card containing the following elements [4] [6]: (8) Magnetic strip: this black band contains: the data (4), (5), (6) illustrated in Fig-1 and (11) illustrated in Fig-2. It allows to perform payment transactions by magnetic strip (see section II-C). (9) Signature area: the card must be signed before it's used. The signature is a requirement by the issuing bank, as well as merchants also need to verify that the card is well signed. (10) Hologram: it is a mirror-like section that shows a threedimensional image that seems to move by changing the angle of view. A hologram is a security feature that helps merchants to identify valid cards. It is not easy to falsify. (11) Security code: it is the three-digit visual cryptogram used to make sure having a legitimate and original card. It is a very essential information with the PAN and the expiration date to confirm the payment transaction. (12) Bank contact information: this is the information needed to contact the issuing bank. It is particularly important if the client receives for example a call or email that might be from his bank, but might also be from a fraudster. So, instead of using the contact information provided in the call or email, the client can use the bank contact information just to be safe. from publication: Magic Always Comes with a Price: Utility Versus Security for Bank Cards | Nowadays, coins and banknotes are familiar to us and, on a daily basis, we make cash payments of small amounts of less than 10 Euros. However, concerning high amounts, we cannot pay for everything in cash: firstly because the conservation of cash is risky and, secondly, in | Banks, Utilities and Pricing | ResearchGate, the professional network for scientists.