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PSCU Financial Services executives will not speak about the topic on the record, but the payments CUSO’s newest anti-fraud technology could dramatically lower the risk of card fraud for the entire card industry and make PSCU a good deal of money.

PSCU has filed a patent application for the technology which allows credit and debit cardholders to easily turn their debit and credit cards on and off, effectively locking and unlocking their accounts. The new technology has the potential to make card numbers compromised in data breaches essentially useless to card data thieves who lack the ability to turn the cards on and off.

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