What is a privacy card and how can it protect my online transactions?
Privacy cards are virtual payment cards that generate a unique 16-digit card number, expiration date, and security code for each online transaction, shielding your actual financial information.
These virtual cards act as a middleman between you and the merchant, preventing your real credit/debit card details from being exposed during the transaction.
Privacy cards can be configured with customizable spending limits, making it impossible for fraudsters to overspend even if your virtual card number is compromised.
The platform uses advanced cryptography to tokenize your payment information, ensuring that your real card details are never transmitted or stored by the merchant.
Privacy cards can be generated for one-time use, automatically closing after the first transaction and rendering them useless to potential thieves.
Users can create separate virtual cards for different merchants, compartmentalizing their spending and making it easier to track and manage subscriptions.
Privacy's browser extension and mobile app integrate seamlessly with your existing online shopping experience, allowing you to generate and use virtual cards with a single click.
The service offers robust fraud detection algorithms that monitor your transactions in real-time, automatically flagging and blocking any suspicious activity.
Privacy cards can be instantly paused, closed, or replaced through the user dashboard, providing quick and easy control over your payment security.
Users can earn cash back rewards on eligible purchases made with their Privacy cards, further incentivizing the use of virtual payment methods.
Privacy's technology is built on a distributed ledger system, enhancing the overall security and reliability of the virtual card infrastructure.
The service is regulated as a financial institution, ensuring that user funds and personal data are protected by industry-standard compliance and data privacy protocols.
Privacy cards are compatible with a wide range of online merchants, e-commerce platforms, and subscription services, making them a versatile solution for everyday transactions.
The platform's single-use card feature helps users avoid the risk of "card on file" vulnerabilities, where merchants may store your payment information indefinitely.
Privacy's merchant-locked cards can be restricted to work with only a specific vendor, preventing unauthorized use even if the card number is compromised.
The service offers granular transaction reporting and spending analytics, empowering users to better understand and manage their online purchasing behavior.
Privacy cards can be used to mask your identity and location from merchants, reducing the risk of targeted advertising or data collection.
The platform's virtual card infrastructure is designed to be scalable and resilient, ensuring reliable service even during periods of high transaction volume.
Privacy's security features are regularly audited and tested by independent third-party firms, providing users with added confidence in the platform's safeguards.
The service's mobile app and browser extensions leverage biometric authentication, such as fingerprint or facial recognition, for an additional layer of security.