Online Banking (the security of which) has been taking a beating over the past couple of weeks. But there's good news too...according to the BBC, Barclay's PIN Sentry Device has made online banking more secure. ( read more on Barclay's PIN Sentry Device and HomeATM's Wedgie) at: HomeATM Has Powerful Potential!

When ATMDirect submitted it's recent press release claiming 25 Global Patents along with the bold statement that it will "Own Internet PIN Debit", HomeATM decided to call them on their bluff. As a founding member of Pay By Touch, which recently sold ATMDirect, I am aware of their limitations and "owning PIN Debit on the Internet is a reach.

A security breach of one of our nation's grocery chains computer system may have exposed 4.2 million debit and credit card numbers to theft, making it one of the largest such cases in the nation. Hannaford Bros. says it has secured its credit and debit card transaction system to block future unauthorized access and the Secret Service is investigating. So far, 1,800 cases of fraud are linked to the breach.

Online PIN debit has Interchange Fees that are 100 basis points lower than current rates for Internet Retailers. An Internet Retailer with annual sales of $1 Billion would save $10 million dollars annually by switching their payment mechanism to Online PIN Debit. PIN Debit will also virtually elminate chargebacks and cut risk by more than half. Now there's a company that can bring PIN Debit to your internet retail space. Visit HomeATM.net or PINcept.com for more information.