A system and method of dynamically issuing credit card numbers and processing transactions using those credit card numbers is disclosed. A method according to the invention includes digitally recognizing a transaction opportunity on the Internet in real-time, recognizing the terms of the transaction, linking a dynamic digital credit card issuing apparatus directly into a qualified credit card issuing host, generating a partially random digital credit card number, logging the transaction, checking the terms of the transaction for acceptance, passing the dynamically issued digital credit card number to the merchant, processing the digital credit card number through the merchant's card processing system, receiving the transaction approval request, participating in credit card validity checking systems, processing the approval request in real-time, sending the requesting party a legitimate authorization code, and retiring the digital credit card number immediately upon transaction approval or disapproval. A system according to the invention implements the method of the invention.