Required transaction identification input from user at time of purchase.

Required transaction identification input from user at time of purchase.



We could prevent or stop credit card fraud if in addition to the signature line on a credit card validation machine there was also a place to note what the transaction was for by the consumer, in his own words. There could be a default item/service placed by the merchant that the consumer could "overwrite". This would also be required for Internet purchases. In other words the Internet consumer would right in his own words what the purchases was for. This identification would then be seen on credit card statements so that a consumer could rapidly verify the purchases per his/her own handwritten or typed description. It would require the relay and transfer of digital images in the case of retail purchases. And it would also save the consumer much time in accounting. It would be similar technology to what to viewing your signature for a check on your banks website.
 
 
Thomas Paul Murphy
 
Copyright 2010 Thomas Paul Murphy