QUOTE(Gen-X @ Jun 4 2011, 08:20 AM)
Come to think of it, anyone can use our AMEX card if they know our Name, CC number and expiry date since it doesn't come with any security features requiring us to verify the transactions.
Next year, I must give AMEX minus 2 stars for my top 10 credit card evaluation if do no not come out with better security feature for online transactions. At least it is good that BNM making all card issuers to sms us when a transaction occurs with our card.
Mm..but still it only alerts you when the transaction has already been done and not preventing it. It should have at least use TAC for any transaction.
One thing I found is that if you forget to bring your phone or no batt, you are unable to make any online transaction.
Those 3D secure code will be more independent.
QUOTE(staind @ Jun 4 2011, 08:40 AM)
It shows how vulnerable card users are. If we opt to pay something over the phones, I saw in places to use Amex that some bill can be paid over the phone, isn't we expose ourselves to this danger as well.?
Since we are living in a world of digital, perhaps it should be banned. Or perhaps any transaction (over the counter/phone) will use PIN code like in some foreign countries or even fingerprints verification:)