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.
Comments on “Scrambling Credit Card Pin Numbers”
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Get used to inputting your PIN at point of sale – this is gointg to be required for all debit and credit card purchases in the near future…And then the crooked shopworker will have your card details AND your PIN – something needs to be done about the security hole here…