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Article: Online Security Concerns Drive Credit Card Changes.(credit card numbers,)(identity theft)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 12, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CAN the Web be made safe for credit cards? Online merchants say it's safe enough, but plenty of shoppers disagree, Various studies show that as many as 80 percent of people who make financial use of the Web don't trust it with their credit card numbers. They might check the Net for prices and products. But for actual purchasing, they visit the store or pick up the phone.
Credit card issuers, hoping to calm these fears, are always on the lookout for new technologies that might make you feel safe.
The latest is a system for creating disposable credit card numbers. You use each number once and -- poof! -- it disappears. So there's nothing in the merchant's ...