This week, the bank debuted a new way to use virtual card numbers online — it all depends upon Eno and a web browser extension, which will automatically
create these virtual card numbers whenever you go to check out online.
All of the payment technologies use a form of encryption to
create virtual card numbers (that is, your card's information isn't shared with a merchant).
Not exact matches
But this is rough protection when compared to the
virtual and random credit
card number Citibank
creates for you when browsing online for a purchase.
ShopSafe
creates a
virtual temporary credit
card number that links to the
number of your
cards, but doesn't reveal it.
A
virtual credit
card allows you to
create substitute credit
card numbers on the fly.
Because Final puts
virtual card numbers at the center of their experience, it's incredibly easy to both
create and manage
virtual numbers.
In effect, it's the same idea as
creating a new
card number with your
virtual cards.
The Eno extension will also auto - fill your payment information on the checkout page, and reappear when you return to the same site in order to provide you with quick access to the
virtual card number you
created there last time.
Instead of requiring users to
create account
numbers on a settings screen of some sort, Capital One is using its smart assistant, Eno, by way of a web browser extension, to make the creation of
virtual card numbers easier to access, and quicker to use.
Android Pay uses tokenization to
create virtual representations of your real
card numbers, just like Apple Pay.
Android Pay
creates a specific
virtual account
number for each payment method to protect
card details always, from retailers.
These
virtual card numbers aren't new innovations in and of themselves — both Bank of America and Citi have similar methods of
creating temporary
card numbers that are linked to your actual credit
card.