As an additional safety measure for online transactions, several credit card companies now supply customers with one-time-use credit card numbers. These numbers can only be used once. Customers need to go to the website of the entity that issued their credit card in order to get the one-time-use number. Compared to the conventional means of using credit card numbers, what are the benefits of applying this technology instead? What are the benefits and drawbacks of using this method as opposed to authenticating yourself using an electronic payment gateway?
As an additional safety measure for online transactions, several credit card companies now supply customers with one-time-use credit card numbers. These numbers can only be used once. Customers need to go to the website of the entity that issued their credit card in order to get the one-time-use number. Compared to the conventional means of using credit card numbers, what are the benefits of applying this technology instead? What are the benefits and drawbacks of using this method as opposed to authenticating yourself using an electronic payment gateway?
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 4.4IP
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As an additional safety measure for online transactions, several credit card companies now supply customers with one-time-use credit card numbers. These numbers can only be used once. Customers need to go to the website of the entity that issued their credit card in order to get the one-time-use number. Compared to the conventional means of using credit card numbers, what are the benefits of applying this technology instead? What are the benefits and drawbacks of using this method as opposed to authenticating yourself using an electronic payment gateway?
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