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Friday, October 14, 2016

This breakthrough number-changing credit card may help eliminate fraud | ZDNet

This breakthrough number-changing credit card may help eliminate fraud | ZDNet





The downside for the user is that they will have to enter the auto-generated security code every time they make a purchase. Bad news for anyone who's memorized the numbers on their card.
It's not the only downside, though. The card will prevent online credit card fraud, but won't help if a thief steals your physical credit card. (My million-dollar idea? Every credit card should come with the owner's photo. There, you can have that one for free.)
Two major French financial institutions, Société Générale and Groupe BPCE, are readying the cards for a wider rollout. Poland has already seen some successes with the cards in a separate trial.


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