Second, it is safe to use. This card is a non-overdraft credit card, and there is no risk of malicious overdraft because the credit card information is submitted to others. At the same time, customers can effectively avoid the disclosure of private information when using this card. Let you use it freely and have no worries.
3. This card is a standard VISA international credit card, including 16 digits, with a validity period of 3 digits CSC/CVV2. Personal information such as name, telephone number and address can be filled in according to customer's needs when using.
4. The effective date (validity period) of the activated virtual credit card is one to two years, which ensures the security of activated accounts (such as PayPal and EB accounts). (Note: As we all know, PayPal and EB systems regard accounts with a credit card validity of less than six months as "high-risk accounts", which may restrict the use of such "high-risk accounts" at any time).
5. This card is a pre-paid VISA international credit card. You can apply for USD credit with different amounts between USD 65,438+0 and USD 500 as required.
6. This card is used all over the world. You can pay for shopping on any international online website, such as registering domain names, buying space, buying game cards and buying software on American websites. Because this card is a prepaid VISA international credit card, compared with ordinary physical credit cards, merchants will prefer this payment method, because it has no credit security problems, and merchants can 100% collect money.
7. This card can perfectly support the activation of PayPal account, EB trading account, game account, various tasks and other international network accounts. This account can be any country supported by online accounts such as PayPal, international EB and online games. When you enter the step of filling out a credit card during the activation process, this card will allow you to pass smoothly. The account activated by this card has exactly the same use effect as the account activated by the general entity international credit card.
8. This card is issued by a regular bank that has joined the VISA International Organization and abides by the rules and regulations of the VISA International Organization. [ 1]
2 Differentiated editing
The virtual credit card is bound with the real user's credit card, which provides a variable 16-bit account for Internet transactions and prevents the real credit card information from being leaked between networks.
Some virtual credit card accounts are one-time use, and some can be recharged and continued to be used. Used for people's shopping or trading behavior on the Internet. Because the transaction can't see the real account number, even if the retailer's database is attacked by hackers, the account number can be avoided from being leaked.
For example, when a user makes a payment at the checkout center of the retailer's website, a virtual credit card image will appear, which will ask you whether you plan to pay with a one-time digital payment or automatically enter your payment information.
Of course, not all transactions can use virtual accounts. Only when the cardholder uses the issuing bank system can the one-time account number be linked to the cardholder's real account number and the transaction be valid. Otherwise, you need to enter real credit card information to complete the payment.
Bank of America and Citibank provide this security service.
There is also a "virtual credit card" model that appears on the third-party payment platform, and the most typical specimen is PAYPAL. Her "virtual credit card" is provided to users who use PayPal payment tools but trade on websites that don't support PayPal to help them shop quickly and effectively. [2]
3 recharge editing
The regulations of virtual credit card service providers are different, but they can be divided into two types: cash/non-cash/prepaid card.
1, cash can be used: telegraphic transfer (bank telegraphic transfer) Western Union (Western Union) moneygram (moneygram) and so on.
2. If it is not cash, you can pass: E-CHECK (electronic check) credit card (credit card).
3. Prepaid cards: PAYSAFE, UKASH, CASHU, etc.
4 shortcomings editing
The biggest disadvantage is that there is no physical card, that is, there is no "magnetism". Nowadays, network security is improving day by day, and most merchants begin to ask customers to provide scanned credit cards they use and sign credit card security agreements. For users of virtual credit cards, this is obviously impossible. They are faced with no money to pay, but their reliability is questioned by the merchants. Therefore, before using it, you must ask the merchants whether they accept virtual credit cards, so as not to cause inconvenience.
5 Alibaba plans to push the editor
introduce
20 10 On June 5438+00, Taobao, a subsidiary of Alibaba's parent company, launched a "small loan demand questionnaire" survey. Assuming that Alibaba's small loan company was upgraded to ABCD bank, it asked individual buyers on Taobao about the feasibility of providing deposit, loan and virtual credit card services.
The funds for the credit payment business are provided by commercial banks cooperating with Ali Finance, and the amount of credit payment is directly linked to the user's consumption records in Taobao and Alipay. Commercial banks and Alibaba * * * take risks. For this reason, Ali Group has set up a guarantee company-Shang Cheng Financing Guarantee Co., Ltd. to guarantee customers' credit. In this process, the role of Ali Finance is only a financial platform. [4]
If the customer fails to repay the loan to the bank that cooperates with Ali after the interest-free period, Shang Cheng Financing Guarantee Company will make advance payment before collection. If there is still no repayment after one year of collection, Alibaba Group will cancel the user's Alipay account as a punishment.
According to the timetable announced by Ali Finance, credit payment products will be officially opened to buyers in Zhejiang and Hunan in the middle of April 20 13 [4]. Ali Finance hopes to cooperate with all commercial banks and open credit payment and Ali small and micro enterprise financing services to all banks.
analyse
Analysts believe that the survey fully shows Alibaba's ambition to set foot in the banking industry, and speculate that the bank's preparatory work is likely to have made progress. In this questionnaire, Alibaba proposed that in the future, bank deposit accounts can be associated with Alipay accounts, and put forward the concept of virtual credit card for the first time.
The industry believes that Alibaba's initiative to strive for online financial services has completely jumped out of the shackles of outlets, which is more likely to threaten the bank card business and even cause the market to reshuffle. However, people in the industry generally believe that it will be extremely complicated and difficult for Alibaba to finally obtain a banking license.
Market speculation, Alibaba may set up a joint venture with state-owned banks, taking advantage of the background of state-owned banks, the joint venture may obtain a banking license, so it can naturally enter the ranks of financial institutions.
Alipay
Alibaba's financial product named "Credit Payment" will be officially launched soon. Alipay will give credit to users according to their transaction data. The credit line can be used for shopping payment such as Taobao. Users need to repay before the repayment date, and the longest interest-free period can reach 38 days. This also means that Alipay's "virtual credit card" has really come.
6 bank pilot editor
2065438+On the morning of March 1 1 2004, Shang Fulin, Chairman of the China Banking Regulatory Commission, publicly revealed that five pilot schemes for private banks had been decided: Alibaba, Wanxiang, Tencent, Baiyeyuan, Juneyao, Fosun, Shang Hui, North China, Zheng Tai and Huafeng, and other private capitals participated in the pilot work. After repeated argumentation and screening, and reported to the State Council for approval, the pilot adopted the system of * * * with sponsors, and each pilot bank had at least two sponsors, while observing the share ratio of a single shareholder. In this regard, Xiaoweijinfu Company and Wanxiang Holdings are preparing application materials. Whether it is a pilot project in Shanghai or a pilot project in Zhejiang is still inconclusive. But what is certain is that private banks will not take the road of traditional banks, but are all based on Internet applications.
In addition, the first virtual credit card in China will be launched in Alipay wallet next week, but the details and amount still need to be announced later. This has enabled Xiaoweijinfu's business to expand from small loans, wealth management, payment, insurance and funds to the credit card field again. Due to various reasons, the "virtual credit card" that has been rumored since last year has not been officially launched. [5]
7 the central bank stopped editing
On March 3, 20 14, the central bank issued an emergency document "Letter from the Payment and Settlement Department of the People's Bank of China on suspending the offline barcode (QR code) payment of Alipay", which stopped the virtual credit card products of Alipay and Tencent, and also stopped the face-to-face payment services such as barcode (QR code) payment.
A bureau-level official of the central bank confirmed this document, saying that the central bank did issue a document to urgently stop Alipay Tencent's virtual credit card business. [6]
Feng Xinya, the payment and settlement department of the People's Bank of China, confirmed that the payment and settlement department of the People's Bank of China had issued the Notice on Stopping Virtual Credit Card and QR Code Payment in March 20 14, and copied it to relevant branches, clearing institutions and payment and clearing associations of the People's Bank of China. [7]
Alipay responded to the rumor that the online credit card was stopped: it has received the relevant notice from the central bank [8]
8 industry interpretation editor
CICC people: QR code payment and virtual credit card are suspended [9]
9 influence editing
The central bank urgently stopped Alipay WeChat virtual credit card Tencent's share price fell by 5% at noon [10];
CITIC Bank suspended trading in the afternoon [1 1].