Credit Card Code to Prevent Fraud - GoFuckYourself.com

r-c-e · 03-06-2003, 06:28 PM

http://www.smh.com.au/articles/2003/...826483435.html
Basically everyones going hard on security since those 8 million cards got ganked. Think this will mean much for the industry?

psyko514 · 03-06-2003, 06:31 PM

no one knows if he even got the credit card numbers.

he broke into a database which contained, amongst other info, 8 million credit card numbers.

BRISK · 03-06-2003, 06:40 PM

I have a Visa, but I don't have any PIN code for it, how will I be able to buy anything?

gripcash · 03-06-2003, 07:04 PM

Quote:

Originally posted by BRISK
I have a Visa, but I don't have any PIN code for it, how will I be able to buy anything?

I'm not sure I understand the question. But here's a couple guess answers:

You have a visa but you haven't gone to Visa's website to get yourself a PIN with verified by visa (or Mastercard's site for a SecureCard). Now you go to pay for something online from a merchant whose processor supports verified by visa. When the transaction is attempted, the processor has a connection to visa which essentially tells them that your card isn't registered therefore it's treated as a normal transaction -- that is, let it through if the card is good.

For the merchant, it's too bad you didn't register because you can still charge back the transaction. "My husband would -NEVER- have bought THAT!"

In other words, for the time being, not having a PIN as a customer doesn't hurt you at all. (What issuing bank is going to want to stop you from spending?)

Course Visa's pushing this thing hard, so who knows what'll happen once everybody supports it. Maybe banks will only give merchant accounts to merchants that are willing to support verified by visa.

This is all just my interpretation. Maybe I'm way off base.

03-06-2003, 06:28 PM	#1
r-c-e Confirmed User Join Date: Jul 2002 Posts: 1,070	Credit Card Code to Prevent Fraud http://www.smh.com.au/articles/2003/...826483435.html Basically everyones going hard on security since those 8 million cards got ganked. Think this will mean much for the industry?

03-06-2003, 06:31 PM	#2
psyko514 See sig. Join Epic Cash. Join Date: Oct 2002 Location: Montreal, Quebec. ICQ: 214702014 Posts: 22,366	no one knows if he even got the credit card numbers. he broke into a database which contained, amongst other info, 8 million credit card numbers. __________________ Bad Girl Bucks - 50% Revshare through CCBill. Promote BrandyDDD, Pixie's Pillows, Action Allie and more! Phoenix Forum Pics \| Webmaster Access Montreal pics email: psyko514(a)gmail.com \| icq: 214-702-014

03-06-2003, 06:40 PM	#3
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I have a Visa, but I don't have any PIN code for it, how will I be able to buy anything? __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.