Brian Burkill

uk

Consultant

The way to tackle "Card Not Present" transactions is to have the purchaser physically validate and authorise the purchase.

This could be done on line, via the internet banking site, or via the phone.

For instance, if I purchase an item from a vendor either over the phone or via the web, and give my card details, the funds are not released until such a time as I log on to my internet banking site and authorise the purchase. Or I use my telephone banking service and authorise the payment that way. The vendor ships the goods once payment has cleared.

This means that, if someone stole my card details and used them, then the payment would not be authorised by me, consequently the vendor would not get his money and as such would not ship the goods.

Its an extra step for everyone, but not difficult to implement. The criminals my have my card details, as they are publicly available, but they havent got my online account details and passwords.