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> Yeah, AMEX used to allow one-time use numbers with its Platinum Corporate Card (maybe other cards as well). But, they stopped years ago. Don't know if it was
by tanzam75 13y ago
> Yeah, AMEX used to allow one-time use numbers with its Platinum Corporate Card (maybe other cards as well). But, they stopped years ago. Don't know if it was hard to manage or if I was just the only one using it, but I loved it.
Very few people used it
But there is an additional problem, from American Express's point of view. Virtual credit card numbers are patented by Orbiscom, which was acquired by MasterCard in 2009.
- unclebucknasty 13y agoInteresting. I wonder if non-virtual credit numbers are patented (i.e. the very idea of credit cards)? I'm sure I could look that up, but too lazy. Pretty ridiculous though. On a related note, I just came across this: http://storefrontbacktalk.com/securityfraud/the-big-three-credit-card-cos-aim-to-revamp-security/ http://storefrontbacktalk.com/securityfraud/the-big-three-cr... >Visa, MasterCard and American Express proposed new global standards to replace traditional account numbers with a digital payment “token” for online and mobile transactions. So, either they are licensing it from Orbiscom, ignoring the patent, or it doesn't apply here. In any case, it's good news. Looks like some semblance of virtual numbers will return on a standardized, more global basis.
- tanzam75 13y agoCredit cards have been around in their present form since the 1960s. And magstripe credit cards have been around since the 1970s. So patents on the basic technology have long since expired. (Of course, there are all sorts of ancillaries that were developed later -- CVV2 numbers, AVS, fraud-detection, etc.) The article talks about replacing 16-digit card numbers with a new payment infrastructure. The Orbiscom technology produces virtual card numbers that are backwards-compatible with existing 16-digit credit card numbers.