Lieberman Software Joins Smart Card Alliance

  • Apr 25, 2011

Lieberman Software Corp., the pioneers of Privileged Identity Management (PIM), has joined the Smart Card Alliance, a nonprofit organization whose mission is to accelerate the adoption of smart card technology in North America.

Current Smart Card Alliance members include the nation’s thought leaders in IT, finance and the federal government. A fundamental goal of the alliance is to bring U.S. payment card protections up to the standards of the rest of the developed world. According to an alliance report, payment card issuers who have implemented smart cards in Europe, Latin America, Canada and Asia Pacific report significant reductions in fraud. The results include lower incidents of Card Not Present (CNP), card cloning, and lost and stolen payment card fraud.

Philip Lieberman, president and CEO of Lieberman Software and security industry expert, outlined the steps he believes are required to put the U.S. at the forefront of payment card protection. "First, the U.S. can take a giant step forward by mandating smart card technology for all payment card transactions. Second, we must transfer the liability back to the credit card issuers unless the merchant or processor is found culpable by a court of law. As with other industries it’s time to let due process – instead of powerful card issuers – determine culpability and fines," he explained.

"You can bet that smart cards would gain an immediate foothold and billions of dollars in fraud could be eliminated almost overnight," Lieberman said. "Until this happens the headlines will continue to be full of stories about merchants, processors and consumers who face ruinous losses at the hands of thieves."

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