Comment Re:I'm a little confused... (Score 1) 158
Verified by VISA uses a static password. What they're talking about are codes that are only valid for a short period of time, and are displayed directly on the card (not dissimilar from key-fobs used by large companies when accessing remotely - e.g., you have to enter the code displayed on the fob).
What it does for you is requiring you to have the card in order to finish the transaction; as opposed to anything with a static password where anyone anywhere could post a transaction if they had your password.
The big change proposed here is the mechanism to display the codes directly on the card, instead of requiring a separate card reader that you'd have to carry with you.
What it does for you is requiring you to have the card in order to finish the transaction; as opposed to anything with a static password where anyone anywhere could post a transaction if they had your password.
The big change proposed here is the mechanism to display the codes directly on the card, instead of requiring a separate card reader that you'd have to carry with you.
