Is Your Credit Card Secure?

Is Your Credit Card Secure?

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Subject Author Date
Is Your Credit Card Secure? steveo 03-23-2007
Posted by steveo on March 23, 2007, 5:54 pm
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But how secure is this transaction? Skepticism is keeping a vast
majority away from making purchases online. That is because of the
security issue of giving out your credit card number on the Internet.

This has dampened the spirit of all the e-retailers and they now even
offer a phone number so that you can call in with your order. Hackers
are a huge threat to online shopping and we find security features
often being tampered with in the credit card frauds.

http://www.allgoodarticles.com/article3576.html


Posted by Sebastian Gottschalk on March 24, 2007, 2:16 am
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steveo wrote:

> But how secure is this transaction?

Zero.

> That is because of the
> security issue of giving out your credit card number on the Internet.

This differs how exactly from using a credit card in any other way?

> This has dampened the spirit of all the e-retailers and they now even
> offer a phone number so that you can call in with your order. Hackers
> are a huge threat to online shopping and we find security features
> often being tampered with in the credit card frauds.

Credit card frauds are trivial: Just offer payment via credit card. Now you
can abuse it.

Posted by Notan on March 24, 2007, 11:02 am
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steveo wrote:
> But how secure is this transaction? Skepticism is keeping a vast
> majority away from making purchases online. That is because of the
> security issue of giving out your credit card number on the Internet.
>
> This has dampened the spirit of all the e-retailers and they now even
> offer a phone number so that you can call in with your order. Hackers
> are a huge threat to online shopping and we find security features
> often being tampered with in the credit card frauds.
>
> http://www.allgoodarticles.com/article3576.html

Citibank has a system called "Virtual Account Numbers" (VANs).

You create a credit card number, on-the-fly, that's linked to your
real credit card number. You also have the option of creating a VAN
that has dollar and time limits.

No one ever sees your real credit card number.

--
Notan

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