Safepay
Interactive Video
•
Science, Life Skills, Business, Social Studies
•
11th Grade - University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video discusses the vulnerabilities of existing magnetic card readers that store information in plain text, making them susceptible to fraud. It introduces Safepay, a secure and cost-effective solution developed by a research team at Lehigh and Northwestern Universities. Safepay transforms credit card data into an electrical current, allowing transactions through existing card readers. Users download an app, connect a device to their phone, and generate temporary credit card numbers for one-time use. The device is compatible with current systems, making it affordable for retailers. Successful tests were conducted, and the team envisions banks distributing the device to users.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What challenges do existing magnetic card readers face according to the text?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the process a user goes through to use the Safepay device.
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OFF
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