Visa offers "virtual" card numbers

Visa is now offering a ‘virtual Visa card' which exists only as a string of numbers on a pre-paid voucher. It's just like Visa card but without the card - or even a bank account, for that matter. APC Magazine reports.

"Each card has a pre-determined value of up to $1000.

The card is activated by entering the account's reference number (provided at the time of purchase) through a secure Web site, which generates a one-off Visa account number, expiry date and three-digit security code. These are sent to the customer via email or an SMS message.

The VCard can then be used online as if it was a real Visa card, up to the limit of its pre-paid value."

emily | 4:00 PM | SMS and Banking |
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