Virtual Credit Card Number Excellent Security Tool

ID Theft Writer — Wed, 31 Dec 2008 00:04:41 +0000

Just about anyone can quickly understand why some people prefer to take a single-use, throw away camera on their vacation adventures that might involve sand, water or other things that might damage an expensive piece of camera equipment. With these single-use cameras, you can freely capture those special moments without the stress of ruining or losing the camera. In the same way, you can take advantage of a single-use credit card number to help protect your identity and provide worry-free credit card transactions.

With credit and debit card fraud and identity theft continually on the rise, both concerned consumers and the credit card companies are always looking for ways to allow people to enjoy the convenience of using their debit or credit card for the purchases they want to make both at local retailers and online, while safeguarding the credit card information and the personal information of the consumer. One of the innovative ways that this has been made possible is through the issuing of virtual credit card numbers, which are primarily designed to be used for online purchases.

This type of single use, virtual credit card number can be used whenever you have an online purchase that you want to make but would rather not have to enter the true credit card numbers that are imprinted on your plastic card. This means that no one has a way of capturing your credit card information. In almost all instances, these virtual cards are meant to be used only one time or limited to only one website, which helps to assure that the number cannot be misused in any way.

This kind of arrangement helps to protect your real credit card from any computer hackers that might crack into a credit card processing submission, in order to try to steal your credit card information. Even if a hacker manages to get the complete number along with the other information they need to complete a transaction, they will be foiled because the virtual card will no longer be valid.

Even if you feel that you have a very secure connection and are not worried about hackers being able to capture your data when you submit an order online, the other thing to keep in mind are those online merchants who might not be completely trust-worthy. While the large and legitimate online retailers have credit card processing systems in place to help keep your card information secure, the unscrupulous merchants might try to take advantage of that data by either using it themselves or selling it for a high price to electronic criminals.

By making use of a virtual credit card number, you can easily put a stop to any kind of cyber criminal who manages to capture that card information or for any underhanded online retailer to try to take advantage of your information. These single-use numbers are a great deterrent to crime and provide the users with a high level of both security and confidence, while they go about doing their online shopping.

Tags: card information, credit card companies, credit card for, credit card information, credit card number, credit card processing

How To Protect Your Credit Card Number

ID Theft Writer — Fri, 26 Dec 2008 21:04:51 +0000

online credit card processing

Too much fraud and cases of identity theft have been traced to the infiltration of credit card number processing, after payments for online purchases have been made. People are gradually becoming reluctant to using online credit card processing since the stakes are so high. Efforts have been initiated to find alternatives to the use of credit cards online and the results are encouraging. At the same time, the question remains as to whether it is possible to completely eliminate the use of credit cards for online shopping. Can it be made safe enough for people to use them without worry?

The answer to this question is yes. Yes, fraud can be prevented and the danger of copying or poaching your credit card number from the internet can be completely eliminated. Meet the virtual credit cards, which have been engineered specifically for online shopping and will provide inherent protection for those who want to shop online. Virtual credit cards, simply put, are temporary cards that expire within a very short time after their use. Therefore, if anyone did capture the number, they would not be able to use it, let alone launch an identity theft attempt, which is emerging as one of the most serious and fastest growing crimes in the USA.

Virtual credit cards are an excellent answer to the present problem. However, they need to be further developed to apply to all purchases made online, such as for airline tickets, hotel bookings or car rentals, which require the verification of your real credit card number at the time of delivery. Another shortcoming is paying for recurring expenses, since the virtual cards have a very limited existence.

The virtual credit cards ensure that you need not expose your credit card number online any longer. However, there are still some places where the use of a virtual card is not applicable. The fact that efforts are being made to replace the use of the credit card on the internet is encouraging. Once the disadvantages are managed, the virtual cards could become the safest way to shop online.

Tags: credit card number, credit cards, online credit card processing

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Virtual Credit Card Number Excellent Security Tool

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