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The Luxembourgish supplier of cashless transaction technologies and IT services for the financial sector CETREL SA and the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg have concluded a contract for strategic partnership. Together they wish to launch a research programme on Security in cashless payment transactions. Cashless payment transactions are fast, convenient and safe: Be it in a restaurant or at the shopping mall - the client presents his credit card, enters the PIN and a few seconds later, the invoice is settled. Behind the scenes and completely unnoticed by the card owner, computer programmes run that satisfy high security and reliability demands. They work daily on enormous amounts of transactions with...
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