This is great (and maybe even not that new). My long thoughts of unique and expiring credit card details to be used for transactions to eliminate post-transaction fraud seems to have come true – at least online;
“…purchases on-line using my card and a bit of software
called Shopsafe which produces one-time cards with a specified
expiration date and a specified credit limit.”
http://12angrymen.wordpress.com/2007/11/01/caveat-emptor-use-of-credit-cards-on-line/#comment-4675
Now lets see when we can have this for offline transactions as well – I am thinking of a physical “security key with changing passwords”-like concept with small LCD screens on our credit cards.
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