As a helpful amenity for customers making electronic payments, certain credit card issuers provide credit card numbers that can only be used once. Users are required to visit the website of their credit card provider in order to get a number with a single usage. In comparison to the more conventional methods of doing online credit card transactions, what are the benefits of using this technology? In terms of the benefits and drawbacks, how does it contrast with verification via an electronic payment gatewa

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 5QY
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As a helpful amenity for customers making electronic payments, certain credit card issuers provide credit card numbers that can only be used once. Users are required to visit the website of their credit card provider in order to get a number with a single usage. In comparison to the more conventional methods of doing online credit card transactions, what are the benefits of using this technology? In terms of the benefits and drawbacks, how does it contrast with verification via an electronic payment gateway?

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