‘World’s most secure card’ will help tackle fraud that costs Brits £620million a year

Business

Brits who have turned to online shopping during lockdown are set to be protected from fraud with the “world’s most secure card”.

UK-based startup Lanistar say one-time security codes and PINs will stop criminals targeting online transactions and draining accounts.

The problem currently costs the UK £620million a year, but founder Gurhan Kiziloz says Brits will now be able to shop securely.

The company has now launched registration for its new Volt card, which includes its own keypad and display.

This allows users to generate one-time PINs and CVV2 codes which expire after one use.

Customers bewildered by several bank cards will also be able to link up to eight of them through Lanistar’s “polymorphic” technology, using just one card and an app to manage all their money.

Mr Kiziloz said: “We’ve been planning for this day for over a year now, so I’m thrilled to be releasing Lanistar to the world to change the fintech landscape and give consumers a secure and superior customer experience.

“This is the first step in our goal to reach a one-billion-pound valuation and break records in our space, and we look forward to growing our user base ahead of our card launch in early 2021.”

Lanistar is a hassle-free banking alternative that say they will revolutionise how customers streamline their money through cutting-edge technology.

Founded in 2019, the firm is now valued at £15million and hopes to become a £10billion success story within years.