[Gllug] credit cards - chip and pin

[adam at thebowery.co.uk]

On Wed, Apr 28, 2004 at 02:26:34PM +0100, t.clarke wrote:
> 
> No chip and pin scheme is going to stop this kind of fraud.  The banks need to
> implement some kind of 'one-time' security-number scheme so that once you have
> used a security number once against a card it cannot be reused.  Cards are
> being used more and more over the telephone and the internet.

Cahoot already have a "webcard" for this kind of thing for online purchases.
You login to a website and it generates a 1 time CC number that charges to your
account, you can also put a limit on the card transaction also.

Adam
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