virtual credit card


Also found in: Acronyms.

virtual credit card

A temporary credit card number that is used to make online purchases one time only or for a limited amount of time. Virtual credit cards such as Bank of America's ShopSafe and Citibank's Virtual Account Numbers provide extra security because the same card number is not being used online over and over again.

More a Nuisance than Financial
Although credit card companies reverse fraudulent purchases, people often have many recurring charges paid by the same card number. When that card is compromised, users have to manually update the data for all the recurring charges. See digital wallet and autopay.
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Definition: Virtual credit card number is a randomly-generated card number that gets associated with your card.
Li, "Dynamic virtual credit card numbers," Financial Cryptography and Data Security, LNCS, vol.
Corporate travelers will be given a single-use virtual credit card number which can be used in any currency that WEX settles.
So, a phone will be issued a virtual credit card [card.sub.emv] when the issuing bank approves the application:
A sign of things-to-come has been provided by the link-up between Trintech, a US software specialist company with a strong Irish interest, and the Phone.com and Visa International companies to introduce a secure virtual credit card payments through mobile phones.
The joint effort between Motorola Inc and Trintech which is focussed on developing virtual credit card solutions for wireless devices has achieved success with the joint launch of their first offering.
Just in time for the holiday shopping season, Excite Inc has launched a kind of "virtual credit card wallet" that makes it easier for consumers to make online purchases.
RevoluPAY To Launch Virtual Credit Card Up To 250 euros
For travel buyers, Sabre Virtual Payments for Air will increase productivity and security through a streamlined, automated solution that assigns a unique virtual credit card number to each travel segment.
Once enrolled in the virtual credit card program, a cardholder takes no further action, as Yardi completes the entire paperless transaction through supplier payment.

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