What Is a Virtual Debit Card?
A virtual account is a secure online payment method that can guarantee the privacy and security of the card number when shopping online. The traditional bank card online payment has the security risk of leaking the cardholder's account number, password and other related information. When trading with a virtual account, the user's card number and other related information are stored in the bank or payment institution, and will not be transmitted to merchants and others on the Internet to ensure payment security.
Virtual account
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- Chinese name
- Virtual account
- Foreign name
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- Attributes
- Online payment methods
- Guarantee
- Privacy and security of card numbers when shopping online
- A virtual account is a secure online payment method that can guarantee the privacy and security of the card number when shopping online. The traditional bank card online payment has the security risk of leaking the cardholder's account number, password and other related information. When trading with a virtual account, the user's card number and other related information will be stored in the bank or payment institution, and will not be transmitted to merchants and others on the Internet to ensure payment security.
- Development Overview
- Citibank in the United States began issuing virtual accounts in 2002. This virtual account can generate a random alternative number every time an online transaction is made to ensure that the real information will not be leaked, and the virtual account is guaranteed by Citibank's zero risk, so consumers can get rid of any Duty of Authorizer to Charge Account. Anyone with a Citibank card number can apply for a virtual account for free. After entering the user name and password on the Citibank website for registration, the customer downloads a virtual account payment software. When paying, the customer only needs to enter the user name and password for authorization, and only needs a button to obtain a random replacement card number And you can quickly send this number to the retailer's bill at the same time. The retailer is like using a real credit card number without any delay during the transaction. Once used, temporary replacement numbers are no longer valid on other retailers' websites. Moreover, each substitution number is linked to the cardholder's actual card number, so customers can get the purchasing information they need. In this way, the use of the bank's virtual account is guaranteed to be both secure and convenient.