[Gllug] credit cards - chip and pin

[Rev Simon Rumble]

This one time, at band camp, 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.

The party taking the risk here is the merchant, not you nor the bank.
They really shouldn't have accepted a credit card without seeing it.

For online merchants, this is part of the cost of doing business, and
there are some strategies to minimise the risk.

Various technical solutions have been attempted: Digicash, SET et al,
but none have ever really caught on.

-- 
Rev Simon Rumble <simon at rumble.net>
www.rumble.net

Democracy substitutes election by the incompetent many for
appointment by the corrupt few. 

- George Bernard Shaw
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