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Money Buzz 05/03

Why single-use credit card numbers could stop credit card fraud, what the Dow and dogs have in common, and more

This story appears in the May 2003 issue of Entrepreneur. Subscribe »

A Real Steal

It's every consumer's nightmare. You open a credit card bill to find a total that takes your breath away--not to mention a dizzying list of unfamiliar charges. With an increasing number of online transactions, more cardholders are experiencing that scenario firsthand. In fact, 1 in 20 online consumers were victims of credit fraud in 2001, according to market research firm Gartner Inc.

But now, with single-use credit card numbers, you no longer have to forego the convenience of shopping online to guard against having your credit card number-or worse, your identity-swiped from online merchants' databanks by hackers.

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