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A comment on E-commerce will evolve next month as Amazon loses the 1-Click patent. Parent comment

Re:E-commerce will evolve next month as Amazon loses the 1-C... by ams6110 on Friday August 18, 2017 @11:06AM (#15046830)
These days the retailers don't (or shouldn't) store it. They store a token that the payment processor (e.g. Stripe) uses as a key to the card data that they store.

If you as a retailer have your checkout page set up properly, the actual card data never hits your server.

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Re:E-commerce will evolve next month as Amazon loses the 1-C... by clan on Friday August 18, 2017 @11:56AM (#15047299)
That only makes it slightly better. It is still stored at payment provider. Hopefully they are better at safeguarding my data.

But if I only supplied a token. with a value I determined I would not have to worry.

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Re:E-commerce will evolve next month as Amazon loses the 1-C... by shimon on Friday August 18, 2017 @12:07PM (#15047381)
If you're sufficiently motivated, you can do this today with Virtual Credit Card Numbers: https://en.wikipedia.org/wiki/Controlled_payment_number#Virt...
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Re:E-commerce will evolve next month as Amazon loses the 1-C... by owenmarshall on Friday August 18, 2017 @12:14PM (#15047467)
> But if I only supplied a token. with a value I determined I would not have to worry.

You mean the username and password for the site you've logged on to? ;-)

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Re:E-commerce will evolve next month as Amazon loses the 1-C... by thaumasiotes on Friday August 18, 2017 @09:26PM (#15051063)
No, your credentials don't have a defined monetary value.

A temporary card number can be configured with a fixed value you specify; most banks provide the service for free.

You can also buy a Visa or AmEx gift card, and use that.

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Re:E-commerce will evolve next month as Amazon loses the 1-C... by fulldecent on Friday August 18, 2017 @02:22PM (#15048530)
My company does $1m in sales annually. Stripe requires 7 days to close payments (versus 1d for other merchant accounts).

The extra $16k of float that Stripe requires is not worth it for me. This is why we have credit card numbers come to our server.

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Re:E-commerce will evolve next month as Amazon loses the 1-C... by edwinwee on Friday August 18, 2017 @04:04PM (#15049309)
If you're based in the US or AU, we have a 2-day rolling payout schedule: https://stripe.com/docs/payouts

We're working to speed this up for other countries!

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Re:E-commerce will evolve next month as Amazon loses the 1-C... by user5994461 on Friday August 18, 2017 @12:54PM (#15047800)
Stripe is a tiny payment provider that is smaller than any major e commerce site.

Most of the major sites do store cards information and they go through the annoying PCI DSS compliance to be allowed to do just that.

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