posts about enablers for more efficient ePayment infrastructure
Thursday, April 16, 2009
PINs becoming obsolete?
A new (and different) factor is needed for card-not-present transactions. See article. I propose call-back to the payer to authorize payments to online merchants because:
a.) It uses a separate network (cell or wireline) which is in itself another factor
b.) It enables capture of voice print authorizing payment
c.) It allows voice identification (although that would be overkill for most scenarios)
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