![]() What is a virtual credit card?Ī virtual credit card is a type of online payment card that acts as a "digital version" of your physical credit card to help simplify your online transactions with additional layers of security to prevent your financial data from being stolen.Ī virtual credit card masks a consumer’s credit information by the creation of a proxy card number unique to the transaction, as well as an expiration date to safeguard your information. Keep reading to find out more about how virtual credit cards work, what alternative you can use, and how you can leverage them for personal or business use. ![]() Though this is the case, virtual cards also have their limitations. However, over the past few years, greater security protocols have made virtual payment the preferred method for protecting sensitive data.īut virtual cards don't just offer an extra security layer - It has more features and benefits that go beyond just fraud protection. Based on public views mere decades ago, this switch seems unprecedented.Ī study by the Federal Reserve System found that electronic payments are over ⅔ of all non-cash payments and that 64 million households are paying at least one of their bills online.Ī deep distrust of information safe online and even some outdated views on credit cards themselves make it surprising that virtual payment has shifted to the widely accepted juggernaut it’s become. In today’s world, more and more people are embracing virtual payment for goods and services.
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