E-Commerce Times Talkback
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The 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."
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!
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.