May 19, 2000
Article

Orbiscom: Fraud-Free Online Credit Card Transactions

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SUMMARY: No summary available
Another boost for E-tailing this week: HFC Bank (the
bank behind Web-based credit card ‘Marbles’) have
announced their intention to introduce a secure online
payment system for their cardholders. Consumers, it
would appear, don’t trust even secure connections when
it comes to giving out their card details. Well, thanks
to O-Control, a system pioneered by technology
specialists Orbiscom, they won’t have to worry for much
longer. The system, which has already been adopted by
the Allied Irish Bank for a July launch, allows
consumers to spend online without having to give their
actual credit card numbers. Instead, it generates a
unique number for each online transaction, eliminating
the possibility of fraud since the number is useless if
it falls into the wrong hands. And as Orbiscom are
aiming to introduce their platform to more VISA and
MasterCard issuers over the coming months, there’ll soon
be little to deter online credit card use. Apart from
the monthly bill, that is.
http://www.orbiscom.co.uk

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