CardVerify Responds to Recent Credit Card Thefts on the Internet by Introducing CardVerifyOne; Online Merchants Do Not Need to Store Credit Card Numbers on Their Servers.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 18, 2000 CardVerify today announced availability of CardVerifyOne - an enhanced e-commerce credit card transaction and security service. Recent news of theft of numerous credit card numbers from e-commerce sites confirms the need for CardVerify's e-commerce approach: Consumers do not store their credit cards on individual e-commerce sites or provide a username/password combination for shopping, but rather use their credit card number every time they perform a purchase online. CardVerifyOne facilitates this process by allowing consumers to associate their cards with shipping information consisting of name and address. Consumers enter only their card details, while CardVerify provides full shipping information to the registered merchant. Security is provided through CardVerify's unique transaction model. Data collected by CardVerify is used only to identify the card, associate shipping information, and capture user preferences like adult content blocking. CardVerify stores only "fingerprints Impressions or reproductions of the distinctive pattern of lines and grooves on the skin of human fingertips. Fingerprints are reproduced by pressing a person's fingertips into ink and then onto a piece of paper. " of sensitive data - such as credit card numbers - on its servers; so even CardVerify does not have access to the actual card numbers. Merchants create the card fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been before sending it across the Internet, then obtain authorization The right or permission to use a system resource; the process of granting access. See access control. and shipping information to complete the purchase, but do not need to store credit card information. "Card numbers should not be stored on any e-commerce server," said Peter Kostka, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CardVerify. "Nowadays entering and transmitting card information is more secure due to ubiquitous SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. support, but storage will always bear some risks, as we have seen in recent days. Many online retailers, including Amazon.com and eToys, store credit card information to enable 'one-click' or 'express' shopping. CardVerifyOne allows use of the credit card number for one-stop shopping without usernames and passwords. You have to ask, would you leave your credit card details with every restaurant you go to and use a username/password for future visits?" With e-commerce increasing, consumers will not be able to choose a favorite username The name you use to identify yourself when logging into a computer system or online service. Both a username (user ID) and a password are required. In an Internet e-mail address, the username is the left part before the @ sign. For example, KARENB is the username in karenb@mycompany. and password combination, requiring consumers to to remember numerous usernames and to associate them with the right retailer. Changing e-mail addresses See Internet address. e-mail address - electronic mail address also prohibit pro·hib·it tr.v. pro·hib·it·ed, pro·hib·it·ing, pro·hib·its 1. To forbid by authority: Smoking is prohibited in most theaters. See Synonyms at forbid. 2. their use as usernames. Credit cards are a natural tool for identification purposes in any online shopping situation. CardVerify, Inc. develops e-commerce security applications in the area of credit cards. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion