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Secure Credit Card Purchases

Sunday, 1 May 2005 ‡ 06:59

I have an idea to secure credit card purchases.

• You register your mobile phone with your credit card company.
• Each time you make a purchase over a certain amount in one transaction or a certain amount in one single day or just any online purchase, you receive a confirmation code as a text message.
• You must then use this code when making the purchase, by showing the sales assistant or entering the code online during the order.
• This code is then confirmed by the sales assistant or online store, allowing the credit card transaction to proceed.

I admit this will not totally eliminate fraud, but surely reduce criminals scamming and copying card details and stop anyone using your card, without your knowledge.

If this system is in place, anyone trying to use your card without your permission or by fraud, you will be immediately notified or at least notified before you get your credit card bill at the end of the month.