Shell Looks to Eliminate Offline Credit Card Fraud
According to Cybera, its technology solution allows retailers to reduce their exposure to offline credit card fraud by utilizing embedded 3G (third generation) or LTE wireless capabilities to ensure network connectivity is maintained even when the primary broadband connection is unavailable.
Offline credit card fraud often occurs when a point-of-sale terminal is unable to connect for a credit authorization, but authorizes a limited number of transactions until the connection is recovered. During the offline time period, thieves have been able to alter data, resulting in fraud, stated Cybera.
"Making solutions like this available to our Shell-branded wholesalers at a competitive cost reinforces our commitment to deliver technology leadership," said Walt Gothard, Shell Technology Manager North America. "Strategically, this deal provides a platform for future technology developments while tactically helping our branded wholesalers minimize their exposure to offline conditions."
Cybera's ONE service now provides Shell retailers with a cloud-based platform achieved through a single plug-and-play solution.
"Cybera has fundamentally redefined simplicity in delivering cloud-based security and other custom applications customers in the petroleum industry," said Cliff Duffey, CEO of Cybera. "Because of the impact of offline fraud, companies such as Shell are taking more control over evaluating and recommending security solutions to their branded wholesalers and operators."