Replying to a couple of posts here. From: [email protected] [mailto:[email protected]] On Behalf Of Mmfreeman Sent: Thursday, 26 December 2013 5:48 AM To: [email protected] Subject: Re: [NTSysADM] RE: 40 Million CC breach at Target....
The online transactions issue is already solved. I've been using the system for at least 5 years or so. BOA calls their system "ShopSafe" and Discover calls it "Secure online Numbers"! Works great. You log into their website, and create a "single use" credit card number that can only be use one time. After it is processed, it will no longer be accepted by the issuing credit card company! How does that work for other "card not present" transactions (e.g. recurring debits for bills/insurance/etc.)? Online purchases was just an example. It's also a PITA for the end user IMHO. From: [email protected] [mailto:[email protected]] On Behalf Of Bourque Daniel Sent: Thursday, 26 December 2013 3:57 AM To: [email protected] Subject: Re: [NTSysADM] RE: 40 Million CC breach at Target.... Canada and the rest of the world have done it. At some point, when customers will be tired to pay for all the frauds (you pay for it, not the credit card companies), something will have to move... So your cards have *no* magnetic strip technology? I work as a senior architect at a pretty large bank, and I wasn't aware of any large scale deployment like that anywhere in the world. All debit and credit cards have, at best, both chips and mag stripes. Cheers Ken
