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hindixp

Another Step Towards Credit Card Security

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Hi,

a New Service Name "NETSAFE" is introduced in India which generates a unique virtual card number using your physical Visa Debit/Credit Card.

 

The key benefits of NetSafe are as follows:

1).Your credit / debit card number is never used on the merchant website

2).The NetSafe card you create is a one time use card

3).You can set your own limit for the NetSafe cards you generate

4).You can use it on any merchant website that accepts VISA credit cards

 

Do you Think Such Services Would Prosper on Internet?

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That's a very interesting idea...

Seems a bit like what Paypal does, except in a better way.

 

People might not like it if they have to keep creating cards though... because people care more about convenience than security (unfortunately)

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For me its a Old Service : it was launched in jan this year been using it and its too good it makes things easier for people who dont have credit card and its safe because you limit the credit on the card so even if someone tries to misuse it they simply cant because the card expires within 48 or the transaction completed whichever earlier

 

Even used it to pay for my TCH hosting :dance: did had initial problem signing because the 2checkout gateway use to timeout might be this because they need to verify with visa and also with the bank could be the reason...

 

but then finally did manage to use it to open my TCH account

 

i have noticed when i have used it online on anyother indian site or payment gateway there wasnt any such problem .. it was super fast

 

also another thing i am not sure if it does allow recurring bill. or not . Because i was told i would need to change my billing info. Next year to pay again using my netsafe thing... or it does automatically.. Cant say ... will have to wait till then..

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because the card expires within 48 or the transaction completed whichever earlier

 

Even used it to pay for my TCH hosting  :D  did had initial problem signing because the 2checkout  gateway use to timeout might be this because they need to verify with visa and also with the bank  could be the reason...

 

but then finally did manage to use it to open my TCH account

 

 

also another thing i am not sure if it does  allow recurring bill. or not . Because i was told i would need to change my billing info. Next year to pay again using my netsafe thing... or it does automatically.. Cant say ... will have to wait till then..

Since it expired in 48 hours, it will not be there automatically next year.

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DiscoverCard has a service like that. You can download a program to your computer from their website. It generates a one-time use number. Once it's used, it's dead. Then, just generate another one. It also has an online program if you don't want to download the program. It gives you a temporary 3-digit security number too.

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I think those services are good for companies you havent used before and are trying to build a relationship with.

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