When it comes to electronic payments, some credit card issuers provide a one-time-use credit card number as a more secure means of payment. A one-time use number is obtained by customers by connecting to the credit-card company's Web site over the Internet. Explain what advantages employing a system like this has over using a conventional credit-card number in comparison to the latter. Also, describe its advantages and disadvantages when compared to electronic payment gateways that need authentication.
When it comes to electronic payments, some credit card issuers provide a one-time-use credit card number as a more secure means of payment. A one-time use number is obtained by customers by connecting to the credit-card company's Web site over the Internet. Explain what advantages employing a system like this has over using a conventional credit-card number in comparison to the latter. Also, describe its advantages and disadvantages when compared to electronic payment gateways that need authentication.
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
1st Edition
ISBN:9781305657458
Author:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. Campbell
Publisher:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. Campbell
Chapter4: Programs And Apps: Productivity, Graphics, Security, And Other Tools
Section: Chapter Questions
Problem 4MC
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When it comes to electronic payments, some credit card issuers provide a one-time-use credit card number as a more secure means of payment. A one-time use number is obtained by customers by connecting to the credit-card company's Web site over the Internet. Explain what advantages employing a system like this has over using a conventional credit-card number in comparison to the latter. Also, describe its advantages and disadvantages when compared to electronic payment gateways that need authentication.
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