Central Banking

'Fingerprint' card system test in Malaysia

MALAYSIA - MasterCard International is testing an antifraud system meant to detect counterfeit payment cards by reading the properties and orientation of the microscopic particles in a magnetic stripe.

The pilot project, taking place in Kuala Lumpur, Malaysia, involves a system called Magneprint, which was invented by Ron Indeck, the director of the Magnetics and Information Science Center at Washington University in St. Louis, and is offered commercially by MagTek Inc., a partner in the

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