Comments on: NO CREDIT CARDS LEFT TO STEAL, HACKERS HAVE THEM ALL http://hybridvigor.org/2009/01/21/all-your-credit-card-numbers-are-belong-to-us/ Improving decisions and outcomes through collaboration and deliberation Sun, 14 Feb 2010 23:08:49 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Mike Neuenschwander http://hybridvigor.org/2009/01/21/all-your-credit-card-numbers-are-belong-to-us/comment-page-1/#comment-12439 Mike Neuenschwander Wed, 18 Mar 2009 01:07:48 +0000 http://hybridvigor.org/2009/01/21/all-your-credit-card-numbers-are-belong-to-us/#comment-12439 Hi Dave, Yes, that's a helpful suggestion. I know several folks in the industry have discussed one-time-use credit card numbers. Essentially the number is linked to a transaction for a certain amount with certain conditions. Schemes like this would definitely deter fraud. However, credit card companies haven't yet found enough financial motivation to do so. Maybe now they do? Hi Dave,

Yes, that’s a helpful suggestion. I know several folks in the industry have discussed one-time-use credit card numbers. Essentially the number is linked to a transaction for a certain amount with certain conditions. Schemes like this would definitely deter fraud.

However, credit card companies haven’t yet found enough financial motivation to do so. Maybe now they do?

]]> By: Dave T http://hybridvigor.org/2009/01/21/all-your-credit-card-numbers-are-belong-to-us/comment-page-1/#comment-12429 Dave T Tue, 24 Feb 2009 22:10:55 +0000 http://hybridvigor.org/2009/01/21/all-your-credit-card-numbers-are-belong-to-us/#comment-12429 Mike - perhaps we change credit card pin numbers on a regular basis thus the hackers are outpaced. This would push the onus onto the merchant. Card usage would be far more transactional in nature if you get my drift ( provided we all accept there's a 7-10 working day period each couple of months when we are waiting for our cards Wow - hows about "disposable" credit cards a few years down the eline ? Mike – perhaps we change credit card pin numbers on a regular basis thus the hackers are outpaced. This would push the onus onto the merchant. Card usage would be far more transactional in nature if you get my drift ( provided we all accept there’s a 7-10 working day period each couple of months when we are waiting for our cards
Wow – hows about “disposable” credit cards a few years down the eline ?

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