MYsecureID, a wholly owned Canadian corporation, intends to develop and market commercial applications for innovative secure electronic transactions to respond to the
demands of rampant credit card, identify theft and on-line transaction fraud. The fraud market for on-line transactions is estimated to be over $150 billion dollars world-wide, in terms of lost revenue, associated tracking and administration costs.
MYsecureID is a company founded by a team of engineers, scientists and researchers with established track records in the industries of banking, military and security applications.
A proprietary methodology has been developed utilizing commercial off-the-shelf components, coupled with a highly sophisticated encryption algorithm.
The utilization of the MYsecureID system will provide direct savings worth billions of dollars to banks, credit card companies, individual businesses and consumers.
Implementation of the MYsecureID solution will virtually eliminate billions of dollars in current losses.
Presently, fraud can result from the theft of a single credit card number.
