This project is based on my original contribution to Beautiful Security. In Beautiful Trade: Rethinking Ecommerce Security, I laid out a design for card not present security and the prevention of credit card theft for online merchants and service providers.
I would like to open up this proposed design to the larger community via the commons wiki. The goal of the project is to design an electronic payment system that:
- Is secure by design, without reliance on additional controls outside the payment system
- Does not require major additions to current systems of payment processors or merchants
- Does not require major additions to clients or mass deployments of new software or hardware
- Is easy for consumers to use