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.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Scrambling Credit Card Pin Numbers”

Subscribe: RSS Leave a comment
1 Comment

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...