FNB Virtual Card Issues

[Speedster]

Lol calling me names while you're too lazy to use a search engine. Classic. A virtual card can't get lost, stolen or cloned.

I know exactly what a virtual card is, but you're clearly too lazy to give an answer to a simple question.

 

[Speedster]

Thanks, I work in card payment processing so its useful to hear why people think VC are useful. Part of the reason seems to be the belief that merchants hold the card details or have access to card details - this is extreme unlikely as this process is handled by a PCI-DSS compliant payment processor. Personally I don't see any benefit in using them as it only prevents the mechanism behind a tiny percentage of CC fraud

Banks (and im assuming they're fraud depts) obviously feel different

 

[backstreetboy]

I know exactly what a virtual card is, but you're clearly too lazy to give an answer to a simple question.

Sure you do...

 

[PsyWulf]

Thanks, I work in card payment processing so its useful to hear why people think VC are useful. Part of the reason seems to be the belief that merchants hold the card details or have access to card details - this is extreme unlikely as this process is handled by a PCI-DSS compliant payment processor. Personally I don't see any benefit in using them as it only prevents the mechanism behind a tiny percentage of CC fraud

I had a sneaky vendor process an automatic payment renewal on a software package that was used once,and their ratings on BBB is full of it happening so these days once-offs get a single-use card

Had my account at wish.com compromised once in a password spraying attack,so they purchased a few thousand worth of projectors using stored payment info

Not to mention you have the ability to create multiple cards that can be unique per vendor,so if something gets compromised you know the vendor (and I wish everybody encrypted salted and hashed stored payment info at a seperate payment processor)

 

[backstreetboy]

Thanks, I work in card payment processing so its useful to hear why people think VC are useful. Part of the reason seems to be the belief that merchants hold the card details or have access to card details - this is extreme unlikely as this process is handled by a PCI-DSS compliant payment processor. Personally I don't see any benefit in using them as it only prevents the mechanism behind a tiny percentage of CC fraud

A physical card can get lost, stolen and/or cloned forcing me to update my details on a zillion of sites if I get a new one. Don't have have that worry on a virtual card.

 

[blunt]

A physical card can get lost, stolen and/or cloned forcing me to update my details on a zillion of sites if I get a new one. Don't have have that worry on a virtual card.

This is my primary reason for using them. I have a VC per service provider and then if I want to use a site that I do not trust I can just use a once off card.

 

[DA-LION-619]

What's the point of VCC then?

To be virtual, being dynamic is something else since you’re forced to use the app to use the ‘virtual’ card.

 

[Tim_vb]

I had a sneaky vendor process an automatic payment renewal on a software package that was used once,and their ratings on BBB is full of it happening so these days once-offs get a single-use card

Had my account at wish.com compromised once in a password spraying attack,so they purchased a few thousand worth of projectors using stored payment info

Not to mention you have the ability to create multiple cards that can be unique per vendor,so if something gets compromised you know the vendor (and I wish everybody encrypted salted and hashed stored payment info at a seperate payment processor)

yeah, the sneaky reoccurring charges when the merchant makes it hard to opt out are one good use case (NY Times )

Rest assured there are big fines for anyone holding card info that is not PCI-DSS as it violates card association rules. These breaches mostly happen on the physical card acquirers where they haven't secured their network up to the processor ... virtual card wont help you in this case

 

[PsyWulf]

yeah, the sneaky reoccurring charges when the merchant makes it hard to opt out are one good use case (NY Times )

Rest assured there are big fines for anyone holding card info that is not PCI-DSS as it violates card association rules. These breaches mostly happen on the physical card acquirers where they haven't secured their network up to the processor ... virtual card wont help you in this case

Like I mentioned, wish stores/stored the details directly,and no cvv required for future purchases/OTP at that time

Admittedly things are moving forward,but being able to enable/disable unique cards at will is not a feature I can seee getting rid of

Unique cards to disable/enable adhoc for kids istore/play store purchases is something in also going to be using it for