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  • What Is A Virtual Bank Card?

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    Marta Cáceres
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    Virtual bank cards, also known as e-cards, are a digital payment method that allows users to pay for online purchases without providing an actual card number. E-cards generate a unique number for each transaction, protecting users' bank accounts from fraud or hacking. Some banks have launched e-card programs to address growing fears of card theft. Professional banking platform MANAGER.ONE offers unlimited virtual cards for business clients, including single-use cards for specific expenses and payment-limited cards that deactivate after exceeding a spending limit. While e-cards provide strong security, they still need improvements to be as convenient as plastic cards for impulse purchases and may lack the status symbol of a physical bank card.

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    E-CARTE BLEUE_2

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    Virtual bank cards, also known as e-cards, are a digital payment method that allows users to pay for online purchases without providing an actual card number. E-cards generate a unique number for each transaction, protecting users' bank accounts from fraud or hacking. Some banks have launched e-card programs to address growing fears of card theft. Professional banking platform MANAGER.ONE offers unlimited virtual cards for business clients, including single-use cards for specific expenses and payment-limited cards that deactivate after exceeding a spending limit. While e-cards provide strong security, they still need improvements to be as convenient as plastic cards for impulse purchases and may lack the status symbol of a physical bank card.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    What Is A Virtual Bank Card?

    Uploaded by

    Marta Cáceres
    Virtual bank cards, also known as e-cards, are a digital payment method that allows users to pay for online purchases without providing an actual card number. E-cards generate a unique number for each transaction, protecting users' bank accounts from fraud or hacking. Some banks have launched e-card programs to address growing fears of card theft. Professional banking platform MANAGER.ONE offers unlimited virtual cards for business clients, including single-use cards for specific expenses and payment-limited cards that deactivate after exceeding a spending limit. While e-cards provide strong security, they still need improvements to be as convenient as plastic cards for impulse purchases and may lack the status symbol of a physical bank card.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Card payment is now widespread.

    And the Covid 19 crisis has even increased card use by


    lowering the minimum payment level. However, fear of card theft and hacking continues to
    grow. To counter this, some banks have launched virtual bank cards, or e-cards. They are a
    virtual means of payment that can only be used once. Could this be the end of the little
    plastic card?

    What is a virtual bank card?


    As its name suggests, it is a digital payment method that allows you to pay for your
    purchases on the internet, without having to provide the actual card number. The principle is
    simple: create a digital card with a certain credit amount. The card has a unique number.
    This number is transmitted to the merchant. In case of fraud, hacking or phishing, your bank
    account is not at risk in any way. E-cards are now available from banks and through neo-
    banks. Some used e-card technology as a key selling point. Take MANAGER.ONE.

    E-cards for professionals.


    Launched in 2017, the banking platform, MANAGER.ONE, is reserved for professionals and
    business leaders. The online bank has developed a whole range of services for corporate
    clients: intelligent expense report management, remote expense authorization (according to
    country, time zone, retailers and more), and unlimited virtual bank cards. There are two
    types of cards: single-use, intended for a specific expense or transaction such as
    subscriptions or payment of a large sum; and payment limited cards, which can be rendered
    obsolete once the limit is exceeded. And they’re ultra-secure. So much so that you might
    question the need for physical cards.

    Will virtual cards replace our plastic cards?


    They still need fine-tuning. E-cards are reassuring for planned transactions, but are less
    convenient for impulse or emergency purchases - they have to be created before they can
    be used. The other issue to be ironed out is status: your bank card says a lot about you.
    Neo-banks and new players in banking made no mistake when creating and coming up with
    imaginative, technological and ethical designs

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