Quote:
Originally Posted by pompousjohn
Whoopty doo then. I got a shiny new pin and chip card a month or so back, cause of the PF Chang's breach. not much better than my other cards, it was he first one compromised. Pin and chip don't do shit for online purchases.
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The future for online purchases is probably some sort of embedded "human" two factor authentication, used for Card Not Present transactions. For example, pressing a button that shows a code number on a display. All contained within the card. The code number is a cryptographic signature that proves you have physical possession of the card.
Only problem is that something like this will take years to be fully implemented, which means that the legacy system will be around for a long time to come.