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See Full StoryThe Electronic Payments Association announced Monday
that ATM or debit cards can be used on the Internet with transaction authentication and
security that are comparable to point-of-sale purchases.
"For consumers, purchasing online with digitally-authenticated ATM cards is no different
from making an online credit-card purchase," Forrester Research senior analyst Frank
Prince told the E-Commerce Times. "It's the merchants whose risk
is greatly reduced by digital signatures."
Re: Test Shows Digital Signatures Reduce Risk for Sellers
Posted by: Nick 2001-07-25 12:00:37 In reply to: ECT News
Very good idea! At last secure payments in the most intuitive way possible. Looks exactly like traditional ATM transactions in a much more secure way!
Re: Test Shows Digital Signatures Reduce Risk for Sellers
Posted by: RLee 2001-07-26 02:46:37 In reply to: Nick
It looks like there's still a lot of work in educating people about the difference between PKI as a solution or as a framework; successful applications that use PKI are solutions. PKI in and of itself is simply a concept. Moreover, digital certificates were NOT - repeat NOT - used to complete the digitally signed debit transactions in the NACHA pilot. Digital certificates were a PKI application that didn't completely solve anything particularly well, but served to make some money for a few companies in the confusion.
