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It seems like this is a good step, but it seems limited to physical card present transactions. Does it do anything to address online purchases?
by cclements 12y ago
It seems like this is a good step, but it seems limited to physical card present transactions.
Does it do anything to address online purchases?
- PeterisP 12y agoNo, online purchases are unrelated. You don't need to switch the millions of cards nor the whole POS infrastucture to do changes for online purchases - things like http://en.wikipedia.org/wiki/3-D_Secure http://en.wikipedia.org/wiki/3-D_Secure cover it fairly enough, I believe - it will deny online purchases with stolen CC data or a physically stolen card or both-sides-photographed, copying all the visible data including the cvv code.