Along with the development of the Internet, the need to pay with cards online has appeared. It is convenient because there is no need to spend time going to the bank or a terminal to make a transaction.
Such cards are also necessary for businesses. And you have your own business; you can easily apply for an individual card solution at https://wallester.com/. At the same time, there have been more and more cases of fraud, when attackers hacked the cards and deducted all the money from them.
Based on such sad statistics, banks began to issue special cards for online payments called virtual cards. These cards have virtually all the same details as regular plastic cards, which are needed to make a transaction.
Such cards can also have a physical form, depending only on the client's desire.
Let's consider in detail what a virtual card is, how it can be issued and received, its advantages and disadvantages, the scope of application.
Virtual card?
This is a special type of card product, which is used only for transactions on the Internet. It is only possible to use such a card in daily life in usual stores because it has no physical carrier.
However, payment solutions using smartphones or smartwatches are now actively developing. In these cases, it is possible to use both a regular plastic and a virtual one to make purchases.
As standard, a virtual card can be issued without a physical counterpart and with a physical companion.
What are the details of a virtual card?
The number. It is standard, consisting of 16 digits grouped into four.
Validity period. Like an ordinary card, a virtual card has an expiration date, after which it will not be possible to use.
Name and surname of the holder. These data are in Latin letters, sometimes, they may be absent, and the card will be non-personalized.
CVV code. It is specified in a three-digit format. On standard cards, it is printed on the backside.
Thus, the virtual card contains all the necessary data for the transaction.
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