But now, more than ever, we’ve got to hide our personal payment details from the fraudsters.
Defending against fraud, he said, “is a cat and mouse game.” The best lines of defense, he said, lie in hiding the 16-digit card numbers, while keeping user identities and credentials “bound” to the devices they use in eCommerce and card data “bound” to the merchants they frequent — all of it done safely and securely. The future of checkout, then, might lie with virtual cards.