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Compared to the existing methods of accepting payment cards over the internet, for which no additional security mechanisms are used other than protection of data transferred by SSL protocol, this new system offers increased security for both the cardholder and the merchant. The cardholder enters the payment card number and other card information only on the web pages of the payment portal. Details about the payment card thus are never entered into the internet retailer’s systems, thereby increasing cardholders’ confidence in the security of internet payments.
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