Comment Brilliant solution to CC fraud (Score 1) 232
Found this on one of my webtrawls (am in fact looking for a new bank and like the new crop of internet only banks).
Cahoot (a credit card and internet bank) have a service called "Web Card" - http://www.cahoot.com/cahoot_products/cahoot_webca rd/webcard.html - which must be one of the most innovative solutions for CC fraud (the online variety anyway).
The idea is that you never use your real CC number online, but log on to your internet bank and get a web card number.
This web card number is a one off generated VISA number that you can lock to one amount.
In the background, the bank matches the charge to that VISA number with your CC number and deducts the charge from your card.
Once the amount you set has been transacted on that VISA number, the number ceases to be useful.
Doesn't solve every CC fraud, but is still smart... /Martin
Cahoot (a credit card and internet bank) have a service called "Web Card" - http://www.cahoot.com/cahoot_products/cahoot_webc
The idea is that you never use your real CC number online, but log on to your internet bank and get a web card number.
This web card number is a one off generated VISA number that you can lock to one amount.
In the background, the bank matches the charge to that VISA number with your CC number and deducts the charge from your card.
Once the amount you set has been transacted on that VISA number, the number ceases to be useful.
Doesn't solve every CC fraud, but is still smart...
