When it comes to electronic payments, some credit card issuers provide a one-time-use credit card number as a more secure means of payment. A one-time use number is obtained by customers by connecting to the credit-card company's Web site over the internet. Explain what advantages employing a system like this has over using a conventional credit-card number in comparison to the latter. Also, describe its advantages and disadvantages when compared to electronic payment gateways that need authentication.

Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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When it comes to electronic payments, some credit card issuers provide a one-time-use credit card
number as a more secure means of payment. A one-time use number is obtained by customers by
connecting to the credit-card company's Web site over the internet. Explain what advantages employing
a system like this has over using a conventional credit-card number in comparison to the latter. Also,
describe its advantages and disadvantages when compared to electronic payment gateways that need
authentication.
Transcribed Image Text:When it comes to electronic payments, some credit card issuers provide a one-time-use credit card number as a more secure means of payment. A one-time use number is obtained by customers by connecting to the credit-card company's Web site over the internet. Explain what advantages employing a system like this has over using a conventional credit-card number in comparison to the latter. Also, describe its advantages and disadvantages when compared to electronic payment gateways that need authentication.
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