SAFE ONLINE FINANCIAL ACTIVITY -Virtual Credit Card – Create Instantly & Use for Online Transactions

We hear, hope you too have heard sometime somewhere about credit card frauds going on day today online workings, and yet  we are sure about our credit cards are fully secure  However, this is really far from the truth,To avoid online frauds and to do safe marketing as well, virtual credit card are good options. Create one of desired amount , go for the payment, clear it and the same got expired within specific time without any chance of misuse.

Real Life Situations where Virtual Credit Card is found useful ?

When you are transacting on a website, where you do not feel very confident about security, but still you have to transact anyways due to some reason.

When any friend of yours ask you for your credit card, where you want to “NO” , but still can’t say NO. You can now create a virtual credit card and give the details to him.

When you do not have a real credit card, but only have a net-banking facility, you can still create virtual credit cards and use them.

You can also use these virtual cards where you just want to try out the service , but by default the website starts charging the card on renewal basis. If you use virtual card, it will anyways get cancelled after one use and there will be no renewal charges later – Here is a real experience

HELLO FRIENDS , THIS IS JAGAT

To make online shopping safer and a real world consumer experience, VIRTUAL CREDIT CARD is a good option. A virtual credit card (VCC) is an add-on credit card issued on your primary credit card; only it’s virtual and does not have any plastic existence. You can instantly create it, using your net-banking facility by providing your credit card or debit card details. All relevant details like the card number, the ‘VALID FROM’ date, the expiry date and the CVV number are visible online to you and this virtual credit card enables you to transact online as same as your oringinal credit card with limit of your choice. Also the virtual card does not have any fee associated with it in most of the cases!

your primary card details are never shared with the merchant online, so you never have to be worried about losing your card or having to carry it ‘safely’ in your wallet.

Validity of the virtual card ?

The virtual credit card is valid only for a single use and automatically expires within 24 hours if the virtual credit card is not used, which means that the chances of frauds and misuse of credit card. are significantly lower than a real credit card. Also understand the if you hold a VISA card, then the virtual card which you will get will be VISA one and if it’s Master Card, then it’s going to obviously be a Master card.

Can you create Virtual Credit Cards using a Debit Card?

Not significantly, Some banks offer VCC by using Debit card but not all.

Hope this information is useful in any case.

Best wishes

 

Advertisements

web firms record keystrokes of users

According to the study from Princeton University, more than 480 websites use technique of session replay to gain an understanding of how customers use websites. 

Study says that Hundreds of web firms are tracking every single keystroke made by visitors. Experts questioned the legality of using such software without user’s consent.”These scripts record your keystrokes, mouse movements, and scrolling behavior, along with the entire contents of the pages you visit, and may be send them to third-party servers.

The stated purpose of this data collection includes gathering insights into how users interact with websites and discovering broken or confusing pages. However the extent of data collected by these services far exceeds user expectations. Text typed into forms is collected before the user submits the form, and precise mouse movements are saved, all without any visual indication to the user. This data can’t reasonably be expected to be kept anonymous.

As per record by researchers in website : jagat  Analysis of seven of the top session replay companies (based on their relative popularity in our measurements ). The services studied are Yandex, FullStory, Hotjar, UserReplay, Smartlook, Clicktale, and SessionCam. They found these services in use on 482 of the Alexa top 50,000 sites.Collection of page content by third-party replay scripts may cause sensitive information such as medical conditions, credit card details and other personal information displayed on a page to leak to the third-party as part of the recording.

This may expose users to identity theft, online scams, and other unwanted behavior. The same is true for the collection of user inputs during checkout and registration processes.

Following are the red lines  :

1. Passwords are included in session recordings.

2. Sensitive user inputs are redacted in a partial and imperfect way.

3. Manual redaction of personally identifying information displayed on a page is a fundamentally insecure model.

4. Recording services may fail to protect user data.

Firms using the software included the UK’s news website the Telegraph, Samsung, Reuters, US retail giant Home Depot and CBS News.Paul Edon, director at security firm Tripwire said: “The first area of concerns here is the legality of recording people’s keystrokes without first informing them of the fact.If this is so reliability of users on to the websites bleaks to the point of negativity.