Method for secure credit card transaction

Traditional credit cards are not secured as the card numbers could be copied and repetitively used for unauthorized transactions. Credit card security is a major concern for any business establishment. With that in mind, it is hard to put the blame of credit card fraud on one entity versus another (card issuer, card holder, card processor, or funds collector) because all share the same risk. The answer to credit card security is to secure the payment process between the card issuer, and the card reader terminal. By securing those two end points and ensuring that card number is not known to any other entity between those two end points, the card itself would not hold any value even if it got lost or stolen. This paper introduces a new approach to credit card security which takes the pardon and the risk away from all entities by securing the card number so that only the issuer and the reader know what it is. Technically this approach reduces the chances of card fraud by exponential magnitude.