Scrambling Credit Card Pin Numbers

from the how-to-prevent-fraud dept

The BBC is running an article about Swivel Technologies who have created a system they say helps prevent credit card fraud online, by changing a user's PIN number for each transaction. The article doesn't explain the system all that clearly, but it sounds like a random code is generated for each transaction, and you just have to transpose your PIN number via the code. Of course, I can't remember ever having to use a PIN number when completing a credit card purchase online, so I'm not really sure how useful this would be. It also strikes me as the sort of system that will confuse the hell out of a lot of people, and not make them much happier about using their credit cards online.

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