On Mon, Feb 2, 2015 at 7:13 PM, John Clear <[email protected]> wrote:

> On Mon, Feb 02, 2015 at 04:15:50PM -0500, [email protected] wrote:
> >
> > -100 to AMEX for online/phone purchase fraud prevention.
> >
> > Many years ago, AMEX used to offer (free!) virtual credit card numbers
> > called Private Payments. These were good for one-time use, with a
> > capped-maximum and 30-day validity. The "card" could be generated
> > on-demand after logging into the AMEX site. This was a terrific way to
> > handle on-line purchases. Then they dropped the service.
>
> MBNA (and probably other card issuers) also had on-demand 'card'
> numbers, but they dropped that service before being borged by BofA.
>
> Once online transactions became frequent enough, the issuers likely
> had enough data to do fraud analysis without needing to have the
> customers hassle with on-demand card numbers to limit their exposure.
>
> John



BoA and Citi still have on demand numbers. BoA's is called ShopSafe and
allows you to set the amount and expiration of your virtual number.

Carolyn
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