Saturday, August 07, 2004

Single-Use Credit Cards Fight Fraud

It appears that banks and credit card companies are finally realizing that maybe it would be smart to promote their disposable credit card number offerings. Many have offered such services for a while, but most people still don't know about them. They let online shoppers generate a "disposable" credit card number that can be used for a single-time purchase (or only in association with a single vendor), without fear that your actual credit card number will be exposed. If someone does get the number, it won't work, since it's already been disposed, or won't be in association with the specific vendor.



Meanwhile, others like Privacy Inc. think that it shouldn't be the banks that are managing your info anyway

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