http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/ Engadget Comments for One Time Password DisplayCard heightens transaction security http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
The vendor will be doing some sort of key validation when processing your order and although significantly more secure than current credit card systems, it's not impossible for the new system to be hacked whether by flaw or attack.

Where there is a will there is a way.

Though no denying that's mad cool.]]>May 11th 2006 3:05PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:09PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
Consumers: This isn't being made to benefit you. Cardholders are already well protected from fraud. This is so that card issuers can stop offering that fraud protection and place the blame back on you.

Lame.]]>May 11th 2006 3:18PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/Jun 5th 2007 5:40AMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:25PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:34PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:37PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:39PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:45PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 3:54PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 4:02PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
I want one of these NOW.]]>May 11th 2006 4:20PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 4:34PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
You could have one of these for what are considered risky purchases, like visiting a different country, and one for your repeating bills, etc.

]]>May 11th 2006 4:35PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 5:00PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 5:15PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
Either way, there are already secure ways of doing internet purchases with credit cards. Banks in Sweden (and probably other countries also) issue "internet credit cards". For the online store, these cards work exactly like any other credit card and there is no way to tell the difference. They are linked to your real card, meaning when you use them to buy stuff with, the money gets taken from your actual card. The trick is though, that the card number sometimes change, along with the expire date and check code, and you have to login to your bank site with your details and enable the card for each purchase (but its open for 30 days, for one purchase, for each time you enable it - this way it works on sites like Amazon and such, when your credit card is not billed until the item is shipped).]]>May 11th 2006 5:17PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
EVERYTHING plays Doom.]]>May 11th 2006 5:41PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/]]>May 11th 2006 5:46PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
I want one.]]>May 11th 2006 5:55PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 6:20PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
...not yet, anyway. ;)]]>May 11th 2006 6:23PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 6:26PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 11th 2006 9:00PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/
I'm sure they'll have a "trusted merchant" program so that you can subscribe to automatic renewal transactions. It doesn't make things completely secure, but it's a really big step. Especially since that 3-digit security code is useless now that we have to enter it everywhere.

I wonder, though, if a crypto-freak can get a ton of these cards and crack the pseudorandom number generators behind the one-time pads for all of them. ]]>May 12th 2006 12:01AMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 12th 2006 3:08AMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/$50. This is a federal law, the card companies can't put an annual cap on it. I recently had AMEX cover over $3000 worth of fraud on my card and the only questions they asked were about if I had any involvement or profit from it.

ATM debit cards are a different story - you can be liable for much more.

http://www.ftc.gov/bcp/conline/pubs/credit/atmcard.htm]]>May 12th 2006 6:51AMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 12th 2006 8:15AMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 12th 2006 12:46PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 12th 2006 7:44PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 13th 2006 3:27PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/That's real protection: the merchand doesn't need to have special features for processing CCs, like the Verified by Visa crap.]]>May 13th 2006 3:40PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 14th 2006 2:46PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/May 20th 2006 9:03PMhttp://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/http://www.engadget.com/2006/05/11/one-time-password-displaycard-heightens-transaction-security/To communicate with the POS, can use NFC, Bluetooth or any other short range protocol.
Even the OTPs can be generated at the click of your mobile button for online transactions...and yes these OTPs can be read aloud by the mobile.
I am sure you can play mini-Doom on the mobile with other users using bluetooth..else use the shotgun.]]>May 22nd 2006 7:44AM