Disclosing ID and verifying it are completely separate issues. Also, the information leak here causes problems for more than just the credit card company; the data transferred in plain opens up the possibility of more than plain credit card fraud (although that is the most obvious exploit).
I seriously doubt that Schneier would consider this information disclosure OK based on this loose interpretation of his blog post.
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Disclosing ID and verifying it are completely separate issues. Also, the information leak here causes problems for more than just the credit card company; the data transferred in plain opens up the possibility of more than plain credit card fraud (although that is the most obvious exploit).
I seriously doubt that Schneier would consider this information disclosure OK based on this loose interpretation of his blog post.