Comments on: One-Time Credit Card Numbers for More Security http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html like a friend telling you about money ... Tue, 22 May 2012 19:53:21 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Jack http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4905 Jack Mon, 11 Oct 2010 04:08:54 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4905 I believe you do need a credit card - at least for Bank of America and Citibank and Discover. I believe you do need a credit card – at least for Bank of America and Citibank and Discover.

]]> By: Melvin http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4904 Melvin Mon, 11 Oct 2010 03:54:54 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4904 Just curious if anyone knew if these would work with a debit card or whether you have to have a credit card. Thanks. Just curious if anyone knew if these would work with a debit card or whether you have to have a credit card. Thanks.

]]> By: TFB http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4883 TFB Thu, 07 Oct 2010 04:56:52 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4883 Jack - Never used the Discover version. Bank of America's ShopSafe lets you set both the dollar maximum and the expiration month and year. You choose from 2 months to 12 months from today. Jack – Never used the Discover version. Bank of America’s ShopSafe lets you set both the dollar maximum and the expiration month and year. You choose from 2 months to 12 months from today.

]]> By: Jack http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4882 Jack Thu, 07 Oct 2010 03:26:42 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4882 Am I correct in thinking the Discover virtual credit card doesn't allow you to set it for "only one use" with a particular merchant? And does the Bank of America Shopsafe allow you to set when the virtual credit card expires? I read on their website: "Secure account numbers always expire on the same date as your actual Discover Card account number." Am I correct in thinking the Discover virtual credit card doesn’t allow you to set it for “only one use” with a particular merchant?

And does the Bank of America Shopsafe allow you to set when the virtual credit card expires? I read on their website:

“Secure account numbers always expire on the same date as your actual Discover Card account number.”

]]> By: TFB http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4809 TFB Tue, 28 Sep 2010 23:04:50 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4809 Bengal - In the United States, only Citi, Bank of America, and Discover offer this service. If you don't have a card from these three banks, you can't use it. Bengal – In the United States, only Citi, Bank of America, and Discover offer this service. If you don’t have a card from these three banks, you can’t use it.

]]> By: Bengal http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4808 Bengal Tue, 28 Sep 2010 21:01:38 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4808 I asked Capital One but they didn't have anything that is One-time or virtual or disposable. Could you please help me TFB? I'd like to buy this acai berry product and Paypal is no longer offering the plugin. I tried searching in Paypal for that "secure card" but nothing came up under help. I guess they're discontinuing that in order to advertise their own Paypal credit card that comes with their own protection guaranteed. Or should I reach out to Visa/Mastercard websites to find this option? I asked Capital One but they didn’t have anything that is One-time or virtual or disposable. Could you please help me TFB? I’d like to buy this acai berry product and Paypal is no longer offering the plugin. I tried searching in Paypal for that “secure card” but nothing came up under help. I guess they’re discontinuing that in order to advertise their own Paypal credit card that comes with their own protection guaranteed. Or should I reach out to Visa/Mastercard websites to find this option?

]]> By: TFB http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4789 TFB Sun, 26 Sep 2010 17:13:03 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4789 Ed - The max amount is cumulative. Although the first vendor can submit multiple charges against the virtual card, the sum of those charges can't exceed the maximum you set. I have had this happen multiple times with different vendors. When I used the same virtual card number at the same vendor but I forgot to up the maximum, the authorization was declined. Not true "one-time" but the maximum you set can make it effectively one-time. Ed – The max amount is cumulative. Although the first vendor can submit multiple charges against the virtual card, the sum of those charges can’t exceed the maximum you set. I have had this happen multiple times with different vendors. When I used the same virtual card number at the same vendor but I forgot to up the maximum, the authorization was declined. Not true “one-time” but the maximum you set can make it effectively one-time.

]]> By: Ed Averill http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4788 Ed Averill Sun, 26 Sep 2010 15:57:06 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4788 To add to what I said above, I would say that "one-time" is what I want but not what they provide. The descriptor "virtual account" better describes what they provide. In addition, I could say that the access to Shop Safe, while a bit buried in the menus, was working for me on a Google Chrome browser under Linux with no problem. (Well, the demo button didn't work, but the real thing did.) It was obviously java-dependent, but most browsers on most operating systems provide that these days. To add to what I said above, I would say that “one-time” is what I want but not what they provide. The descriptor “virtual account” better describes what they provide.

In addition, I could say that the access to Shop Safe, while a bit buried in the menus, was working for me on a Google Chrome browser under Linux with no problem. (Well, the demo button didn’t work, but the real thing did.) It was obviously java-dependent, but most browsers on most operating systems provide that these days.

]]> By: Ed Averill http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-4787 Ed Averill Sun, 26 Sep 2010 15:48:40 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-4787 I looked into using the B of A ShopSafe card and found it does not produce one-time safety. Once a number is created with a maximum transaction amount it gets tied to the first vendor that uses it (presumably the one you gave it to), but nothing prevents that vendor from submitting an indefinite number of transactions for amounts below the amount you specify as the maximum amount. At least that is what the on-line-chat support person told me. So, there is a little bit of safety in the number, but not as much as one would want. I looked into using the B of A ShopSafe card and found it does not produce one-time safety. Once a number is created with a maximum transaction amount it gets tied to the first vendor that uses it (presumably the one you gave it to), but nothing prevents that vendor from submitting an indefinite number of transactions for amounts below the amount you specify as the maximum amount. At least that is what the on-line-chat support person told me. So, there is a little bit of safety in the number, but not as much as one would want.

]]> By: James http://thefinancebuff.com/one-time-credit-card-numbers-for-more-security.html#comment-1422 James Thu, 29 Jan 2009 17:36:55 +0000 http://thefinancebuff.com/2009/01/one-time-credit-card-numbers-for-more-security.html#comment-1422 Having credit cards stolen is more than just hassle as tfb detailed above. The credit card numbers then sold to shady businesses who continued to hassle us for not pay up and then threaten with collection agencies. Having been there, we totally endorse the one-time use numbers. It takes longer to complete an online purchase but then again that may not be a bad thing. No impulse purchase there. Although one-time use is a bit of misnomer. The numbers can be used again and again with the same vendor but useless with a different vendor. Having credit cards stolen is more than just hassle as tfb detailed above. The credit card numbers then sold to shady businesses who continued to hassle us for not pay up and then threaten with collection agencies.
Having been there, we totally endorse the one-time use numbers. It takes longer to complete an online purchase but then again that may not be a bad thing. No impulse purchase there. Although one-time use is a bit of misnomer. The numbers can be used again and again with the same vendor but useless with a different vendor.

]]>