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American Express Seeks To Swap Card Numbers For Secure Tokens

Posted by Soulskill on from the teaching-an-old-dog-old-tricks dept.

jfruh writes: One of the fundamental problems of the electronic payment business is that it's by and large based on the fundamentally insecure infrastructure of the credit card system, where anyone who has your 16-digit card number can make purchases on your account. American Express is trying to improve its security by moving towards the use of unique tokens for online purchases.

1 of 130 comments (clear)

  1. Re:Finally.. by Midnight_Falcon · · Score: 4, Informative
    If you're going to troll at least you give the benefit of the doubt on acronyms. OTP = One Time Password ...NOT one time pad.

    Here's a reference so you can avoid further confusion and undeserved insult: http://en.wikipedia.org/wiki/O...