Re: USA Today on Fear of Credit Cards over Net

Re: The risk of credit cards. I suppose that indeed there are large risks elsewhere in the credit card system. However, I think that the credit card system itself is stupid and insecure and ought to be scrapped -- sending around account numbers as magic keys to get payment is a stupid move. Its not suprising how large credit card fraud is. One of the great hopes I have for cryptographic technology is its ability to lower the incidence of fraud, and thus lower transaction costs a lot. Someday, hopefully, everyone will be able to be a credit card merchant because you won't have to trust the merchants not to steal. Perry