Before the thefts, clones and losses, banks met to address security challenges.
During many conferences in the LAC MasterCard Innovation Forum in 2018 & # 39; Miami, presented the standards & # 39; new security for bank cards. Some banks begin to implement in Chile.
According to a report by La Tercera, Chile is the leading country in Latin America with & # 39; contactless payment. In the past month alone, more than 10 million registered Mastercard contactless transaction in the country.
Given & # 39; this reality, mentioned that Banco Santander was implementing various supplements & # 39; security. In principle, do not renew the contract & # 39; Transbank. "When switching from MasterCard, or even with our competitors, have access to tools and solutions to local supplier m & # 39; has the possibility to integrate, then, the largest bank in Chile, Santander, replaced for us, and He has done a lot of work for reasons & # 39; security, "said Patricio Hernández, the vice president security solution.
Similarly, Santander will now have access to SafetyNet, which is the second layer & # 39; defense, where the card brand monitor all traffic and you & # 39; even stop transaction if it discovers that there is some sort & # 39; fraud. Similarly, they have access to the Service & # 39; Early detection, through which monitors Mastercard numbers & # 39; cards in the so-called "dark web" and share data with & # 39; the network activity, to warn the bank in & # 39; If detect any strange movement.
The last point, and no less important, is the breakup. B & # 39; this only the banking system will get user card data, so stores do not store this information in their databases, one of the big reasons why the two data your ticket were filtered.
It & # 39; the latter adds an extra level & # 39; protection for sensitive data, given that the customer's card number is replaced by & # 39; & # 39 series, generated by numbers & # 39; random (symbolic). The idea is that this system is set transversely in Chile.