SECURITY WITH VARIABLE IDENTITIES.
	The Freeple system and safe and accessible credit.

INNOVATION
Freeple is an innovative application designed to improve security standards in all those circumstances which require the user’s identification: credit cards and cash point cards use, access to a company’s classified areas, e-commerce and on-line payments in general, etc…


IDENTITY
Freeple is in fact able to give a variable identity value to a user. This is based on a numeric or alphanumeric combination, it can be displayed on a portable device and can be used for a limited amount of time, set within 60 or 120 seconds.


OBSOLESCENCE
The numeric or alphanumeric value given to a specific operation is based on an anticipated obsolescence. It automatically becomes unusable at the precise moment of its use and is consequently invalid for further operations. In appliance with the most recent security regulations, Freeple is activated by the user through his / her own portable device. This is provided with an electronic key without which the device itself becomes unusable.


SECURITY
During a time in which a credit card or cash point card holder identity verification is delegated to visual recognition systems – such as signature comparative verification – Freeple gives to everyone a personal identification device which replaces the handwritten signature. As a consequence Freeple is able to avoid the common non-compliances of the operators themselves, such as for example the verification of the spender’s identity and the following comparison of the signatures.


COMPATIBILITY/INTEGRATION
Freeple is totally compatible with and complementary to all the credit systems used nowadays and with all those under development, such as for example the microchip card.


SEMPLICITY
Among Freeple advantages there are:

1. the guarantee that a credit card theft does no longer necessarily imply fraudulent acts
   
2. the possibility to use a single device connected to several credit cards or other services
   
3. the possibility to manage personal credit also for those who, even if only temporarily, due to physical disability, are not able to sign receipts

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Networks used:
Freeple is going to use the same networks which are now used to process cash point and credit card operations. Alternatively the network can be directly identified by the services’ supplier which decides to purchase this product. Being positioned over the different intermediation companies (Visa, Maestro, etc…), Freeple will be able to be used with any type of support: imbossed numbers card, electron card, microchip card, cash point card, etc…

Portable device workings:
As far as the final user’s portable device is concerned, by simply pressing a button, this will display the current variable identity and the remaining time before it becomes obsolete. It will be possible, for example, to type the variable identity value in a POS keyboard or, after a minimum adaptation of the existing hardware, to send it through infrared rays or through metallic contact..

Synchronization of variable identities between host and portable device:
The variable identity file will reside in the Freeple administrator’s host (the administrator will also supply the portable device) and it will then be loaded on the portable device. This will be equipped with an internal clock synchronized with the host clock, thus obtaining a condition of perfect synchrony when the device is activated.
Inside the portable device two different batteries – one for power and one for back-up – will guarantee the correct working of the clock and, consequently, of the regularly displayed values.

Practical use of the portable device:
The Freeple final user, the consumer, will go to a shop, give to the shop keeper his / her credit card of cash point card and the shop keeper will swipe it in the POS. The Freeple user will then digit in the variable identity valid at the moment and, once this will be validated, the process will be successfully completed whilst the digited value will become immediately obsolete. The Freeple user will not be required to sign the receipt since, as a matter of fact, he / she has already signed with an electronic signature. The advantages in terms of security offered by Freeple are even better as far as the Web is concerned, since in this case the use of Freeple will totally eliminate the possibility of fraud.