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Monoco Ltd has been specifically formed to represent the Consortium Of Designers and Engineers (CODE), the technical resource for the project development of the Transaction System for Brand Cards - the worlds first precision system which can identify every individual person in the world with 100% accuracy at any terminal location within 10-seconds. A Brand Card terminal generates impersonal identifiers for prime security transaction.



PERSONAL IDENTIFIERS

The disadvantage in using identity cards and payment cards with personal identifiers is that they are worth stealing by fraudsters and counterfeiters for identity theft and account fraud. In 1694 the Bank of England issued bank notes which were originally hand written on stationers paper and signed by the Bank of England cashier - a personal identifier. The first watermarked bank note printed with a personal identifier was issued in 1697.



The Bank of England also issued bank cheques and bank drafts with personal identifiers and by 1845 the Bank of England was forced to recognise the problem of forged cheques and drafts drawn against the Bank of England. The banking practice of using personal identifiers on bank notes, bank cheques and bank drafts has prevailed for over 300 years. The bank card for account holders was introduced in 1966 with unchanging consequences of identity theft and account fraud, still using personal identifiers up to this present day - worldwide



IMPERSONAL IDENTIFIERS

The advantage in using identity cards and payment cards with impersonal identifiers when an individual person is present at a terminal is that a set of numeric constants are generated at the terminal to form a unique Binary Matrix to protect the inviolable rights of the individual person- security and privacy.



Each numeric constant is a discrete identifier for the CARD-FACE-USER which combine to form the Binary Matrix for a card-user. Every Binary Matrix is originated and duplicated precisely at any terminal location for registering and validating the same card and user in the same datafile record at the same server location. The Binary Matrix is a precision identifier for impersonal cards and anonymous users and for recording and matching in national databases with millions of datafile records.








The transaction system for Brand Cards is a fully matured technology for network demonstration and is described and illustrated in the Overview Report which features the three classes of cardware depicted below for initial evaluation:







The two-modes of operation for generating numeric identifiers at the terminal to register or validate any card and user at the server shall be network demonstrated in real-time to show and prove on the server screen that each transaction automatically locates the correct card-type database at the Server Centre for:








The two-modes of operation include the processing of numeric identifiers into datafile records at the Server Centre for each card-group. Each datafile record is a precise set of data which itemises each transaction to provide the detailed record of every card-type registration and card-type validation executed at every Brand Card terminal for the electronic auditing of impersonal records at the Server Centre - the transaction guarantor.



The impersonal records at the Server Centre for each card-group are converted into personal records at the Issuer Centre for each card-type, for retailers to receive the daily audit of every valid transaction for automated payment and settlement to 100% of the retail sales value - no card charges are deducted from the bottom line.



© Monoco Ltd 2004 - 2005