Re:Japan facing credit card number shortage
by ghayes on Tuesday August 25, 2020 @05:47PM
(#24276551)
Many of those use cases probably shouldn’t be supported. It would cut down on fraud if we disallowed card not present transactions on unknown devices.
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Re:Japan facing credit card number shortage
by michannne on Tuesday August 25, 2020 @06:28PM
(#24276997)
That's an ideal. You have to be reasonable with the expectation that people are going to want to use their card in places where it isn't securely convenient to do so. Otherwise, you will end up creating a niche with no mass market appeal, and there's really no point in developing out infrastructure unless you're replacing the old one completely. Again, credit cards exist for convenience. If it's security you're aiming for, you're targeting the wrong market.
Re:Japan facing credit card number shortage
by GoblinSlayer on Wednesday August 26, 2020 @09:03AM
(#24282027)
Chip cards are already secure because they use proper cryptography. But online payments are done without any cards whatsoever. For example paypal and webmoney are payment methods of their own.
Re:Japan facing credit card number shortage
by kenniskrag on Tuesday August 25, 2020 @06:07PM
(#24276768)
With the EMV skimmer fraud is dropping. With 2FA on big transactions other frauds can be decreased. Some provider have a mobile app to accept the transaction and/or send a message after a transaction.