Basically its an idiotic security measure which really
means that if someone wanted to swipe your card all
they had to do was look on the back of the card rather
than the front of the card. Both sides have all the
numbers, but the back has an extra three that
supposedly add the new security measure. Boy I feel a
lot safer. Its like adding an area code to a telephone
number and probably provides the credit card company
with marketing data or some other garbage. Are these
three extra numbers deleted when the card is verified?
Probably not. Then again with the experience I have
had with CC companies I don't view any of them very
favorably. The best defense against CC fraud is
vigilance, keep every receipt and challenge any
suspicious purchases. In the U.S one is only liable
for the first 50 dollars. My mom caught her card being
used fraudulantly when she saw extra 5.00 meal's being
charged at her fav restaurant. The guy was small time
but they caught him quickly and we didn't have to pay
a thing.
Mark Lloyd
--- John Hudson <jahudson@xxxxxxx> wrote:
> Jim Couch wrote:
> >
> > Actaully, what it does is it proves that you have
> the physical card. It's use is
> > to reduce the amount of card NUMBERS that are
> stolen via various methods. It
> > ensures that the person actually has that card.
>
> Absent sight of the card how would the vendor /
> enquiror determine if
> the card owner / enquiree was providing the correct
> number? Can the
> three digits be determined from some combination of
> the credit card
> number.
>
> jh
>
> >
> > John Hudson wrote:
> >
> > > John Hermanson wrote:
> > > >
> > > > This seems like the obvious way to reach
> everyone at once. Anyone on the
> > > > list who may have an open repair with me (and
> are paying by Mastercard or
> > > > Visa) will have to supply the 3 digit security
> code which is to be found in
> > > > the signature box on the back of your card.
> Also please supply the zip code
> > > > of your billing address. New security rules
> put in place by my credit card
> > > > processor require this info or charges cannot
> go through.
> > > >
> > > > Thank you!
> > >
> > > Very recently a vendor in Canada asked that I
> provide him with this
> > > three digit number from my Visa card. Upon
> checking with the Canadian
> > > Imperial Bank of Commerce [one of Canada's major
> banks] I was told that
> > > such request should be rejected outright because
> it had nothing to do
> > > with the integrity of the card number or the
> creditworthiness of the
> > > account.
> > >
> > > jh
> > >
> > > < This message was delivered via the Olympus
> Mailing List >
> > > < For questions,
> mailto:owner-olympus@xxxxxxxxxxxxxxx >
> > > < Web Page:
> http://Zuiko.sls.bc.ca/swright/olympuslist.html >
> >
> > --
> > Jim Couch
> > Tacoma, WA USA
> >
> > < This message was delivered via the Olympus
> Mailing List >
> > < For questions,
> mailto:owner-olympus@xxxxxxxxxxxxxxx >
> > < Web Page:
> http://Zuiko.sls.bc.ca/swright/olympuslist.html >
>
> < This message was delivered via the Olympus Mailing
> List >
> < For questions,
> mailto:owner-olympus@xxxxxxxxxxxxxxx >
> < Web Page:
> http://Zuiko.sls.bc.ca/swright/olympuslist.html >
>
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