Company Performance Metrics
- Benjamin Cvetkovich: Chief Executive Officer
World XChange is deceiving in its simplicity, the security it provides is second to none: we have a patent pending for both technology and business process. Similar business methods are currently being tested by other providers; none have created a genuinely fraud-free environment for electronic transactions. It does not matter if the sale is
face to face, mail order, telephone order or E-commerce; our solution is fraud proof and eliminates the need for any PCI compliance. It does not take the transactions out of scope for PCI compliance; it removes the need for PCI compliance.
If cardholder information is neither captured by nor processed through the merchant, then there is no need for the merchant to comply with PCI compliance standards. The cardholder will find no need to carry a credit/debit card with them, whether in the wallet, purse or mobile wallet. By removing the need to transmit any card data in any form to or from the merchant, we have eliminated any need for PCI compliance.
There is more! With no cardholder data transmitted to the merchant, the consumer no longer needs to carry their credit/debit cards. Now, except for the cardholder data that is stored at the acquirer and the issuing bank, there is nothing of value available for the hacker to steal.
Further details available at World-XChange.com
