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The system is flawed when the vendor is trusted with this kind of data.
As has been pointed out on other articles/blogs, there is no reason the merchant has to have your actual credit card number. All we need to do is build a system that uses encryption to transmit your private account number plus a timestamp along with a plaintext public id number. Visa/MC would be the only ones who held the other key, and could then authorize or decline the charge with the merchant.

Anything short of moving to this type of system is putting a band aid on the problem, and won't even slow down the thieves.
Posted by: enduser_z   Posted on: 03/29/06 You are currently: a Guest | Members login | Terms of Use
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It's all a matter of money  bitflippper1 | 03/29/06
How soon do we get our congress people on the same page?  ordaj@... | 03/29/06
Behind the times  RU_Trustified | 03/29/06
Congress wants to protect Corp interest not...  redstone | 03/29/06
If we are very lucky  ebrke | 03/29/06
Naw, it'll be just like Social Security  bitflippper1 | 03/29/06
Okay, what are you going to do about it?  Chad_z | 03/29/06
Return some lawmaking back to the people...  redstone | 03/29/06
Re: Okay, what are you going to do about it?  none none | 03/29/06
The system is flawed when the vendor is trusted with this kind of data.  enduser_z | 03/29/06
Where do I get a stolen credit card  BXLE | 03/29/06
Don't trust Capital One  gordon@... | 03/29/06
Simple answer  cubbage@... | 03/29/06
but it's not so simple  dmhunter@... | 03/30/06
Been to a restaurant?  TonyMcS | 03/29/06
Most breakins are for the bandwidth  GreatInca | 03/30/06
GOOD  QQQQQQQQ1 | 04/17/06

What do you think?

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