Leichter, Jerry [EMAIL PROTECTED] writes:
Anyone know anything about these guys? (www.vaultid.com). They are trying
to implement one-time credit card numbers on devices you take with you -
initially cell phones and PDA's, eventually in a credit card form factor.
The general idea seems good, but their heavy reliance on fingerprint
recogition is troubling (though it may be appropriate in their particular
application).
From what I can gather from their black text on a dark-grey background, all
they're implementing is one-time CC numbers on various devices. Banks have
been using one-time CC numbers for awhile now, all this is doing is garnishing
them with an extra layer of biometric magic. The important thing isn't the
biometrics, it's the one-use-only CC number that provides the security, and
that's not really new.
Peter.
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