Virtual Cards Offer More Security.

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  • Additional Information
    • Subject Terms:
      CAPITAL One Financial Corp. 943871942 COF; AMERICAN Express Co. 006979900 AXP
    • Abstract:
      A 2023 study found that 65% of debit and credit card holders have experienced fraudulent charges on their accounts. To protect against this, some credit card issuers offer virtual credit cards for online purchases. These virtual cards generate random numbers connected to the user's account, preventing criminals from accessing their real card number. However, virtual cards have limitations, such as potential difficulties with returns and reservations. [Extracted from the article]
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