Thursday, 24 March 2016

Privacy.com's virtual Visas are burner debit cards that keep online shoppers safe

Slinging your credit card information all over the web may be the norm when you’re online shopping, but playing fast and loose with those precious numbers is just begging for identity theft to happen. A new company dubbed Privacy.com thinks it has a solution to the problem. Instead of handing out your actual debit and credit card numbers, Privacy.com lets you create “virtual” debit cards that are locked for use with a single vendor, or “burner” cards that are valid only for one-time use.

If no one has your actual credit card, the thinking goes, then your credentials are safe from the next major database breach—or the one after that.

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