Abstract
The following quote was obtained by the news editors from the background informa tion supplied by the inventors: “Online shopping and services have never been mo re popular, and will likely continue to dominate consumer activity for years to come. In this environment, consumers have several priorities. First, consumers w ish to protect private electronic payment information from bad actors. Second, c onsumers wish to have more control over payments for long-term purchases or recu rring services. “In the past, while consumers had electronic payment methods in the form of cred it and debit cards, these cards were tied to physical objects that the consumer presented at the place of purchase. This added a layer of security. To make a fr audulent purchase, a bad actor would have to physically steal a consumer credit card.
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