Monday, November 19, 2007

One time use Credit Card Number

Paypal is coming out with a one time use credit card number that will allow you to use Paypal on sites that don't accept it. This one time use number will link to the users account and doesn't require an application to use...beneficial for people that don't have good credit but still have a Paypal account.

Another part of the implementation allows for a secure auto fill of website payment forms with the required information, making it easier for people to purchase on the site without having to transfer all of the newly created CC info over.

This service will be available next Tuesday to users. See release on this announcement.

This definitely increases the ante in comparison to Google Checkout. See my previous post on online payment processing.

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