Abstract
The following quote was obtained by the news editors from the background information supplied bythe inventors: “Virtual cards are designed to reduce the risk of fraud online associated with identity theft.Virtual cards allow individuals to make payments online without exposing their regular credit or debit cardnumber. Virtual cards can also provide users more control than traditional credit cards. For example,virtual card numbers can be immediately issued and revoked. Furthermore, an account holder can controlwhen and how a virtual card is used. For instance, a virtual card can be configured to expire after anumber of uses or a time limit or dollar amount has been reached. Additionally, a virtual card numbercan be limited to use associated with a particular merchant. Even if a fraudster obtains the virtual cardnumber to make purchases, the account holder can be entitled to a chargeback as if the purchase weremade with their regular card. However, the regular card and account number do not need to change, anda new virtual card can be issued promptly.”
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