VeriSign To Offer Passwords On Bank Card

Billosaur writes "Imagine the PayPal security tool embedded on a credit card. VeriSign is announcing that a deal is in the works to provide credit cards with one-time-use passwords. By placing the technology directly on the card, it becomes more convenient and provides an extra layer of security for online credit-card transactions. A cardholder would type in their information as normal and then would be prompted to enter the passcode displayed on the card. This means a user would need to have the physical card in hand in order to use it, thus thwarting identity thieves who steal credit card information but do not possess the card itself. VeriSign said it expects to announce a major bank using its cards in May."

Comments

No way.

[pair-a-noyd]

Sorry Verisign. I don't trust you. Period.
And I don't want you to have ANYTHING to do with my financial information. Period.
Stay away from my bank account. Stay away from my CC. Just stay away.
I'm worried now because my Credit Union just sent me a new VISA card for no reason,
my current one doesn't expire until late next year but my CU is telling me they are going to
expire it this month and I'm compelled to use the new one they sent. What a pain in the ass.
Now I have to change all my online accounts that I've been using without problem for the past 2 years.
And the new CC they sent me is weird looking, it's CLEAR. WTF sort of feelings of Joy Joy is that
supposed to instill in me?

I hope like hell there's an OPT OUT when this rolls out.

Verisign can go to hell. Hands off my bank account assholes.

Credit Card Reek

[joekampf]

http://www.daveramsey.com/ Myth: Debt is a tool and should be used to help create prosperity. Truth: Debt is not a tool; it is a method to make banks wealthy, not you. Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt then you're a slave, in the sense that you do not have the freedom to use your money to help change your family tree. According to a recent USA Today article about debt, 78 percent of baby boomers have mortgage debt, 59 percent have credit card debt, 56 percent have car payments.