Introduction
The use of credit cards is seen to be getting so vital now. In the past people were not so much aware of the credit cards. They were used to consider a burden. However, now people are well aware of the benefits of the credit cards. So, because of the awareness, the demand of credit cards is also increasing. Credit cards may be regarded as a source of short term instant loan. The usage of credit card is also increasing because, after having a credit people may not need to keep the currency notes and coins. The credit cards can be used at so many places. Many vendors are increasingly providing the facility to the customers, to pay through credit cards. Since the online transactions are also gaining importance, so the usage of credit cards is also increasing in order to cater the online transactions. Credit cards are being issued by many financial institutions. The problem in the online payment though the credit is related to the risks of hacking and fraudulent usage of the credit cards. So, to avoid this issue credit card one time number can be used. The credit card one time number is the disposable number which can be used one time with one vendor.
Step 1
When the people provide the credit card information to the online vendors, then the information may be fraudulently used or otherwise the information may be hacked. In this case the person who owns the credit card will be charged for the transactions which he or she had not done. To avoid this issue credit card one time number can be used.
Step 2
Credit card one time number is the disposable number, which is generated in order to execute one particular transaction with only one vendor. After the transaction, credit card one time number will be expired and the wring usage of the credit card information will be stopped.
Step 3
Credit card one time number is also helpful if the online vendors are used to renew the subscription automatically. In this way the customer would be charged for auto subscription by the vendor. Credit card one time number would expire after one time transaction and the vendors would not be able to go for auto subscription by using the disposable credit card one time number.
Features
The credit card information is also hacked by the hackers. These hackers then use the credit card of the people by hacking the information of the credit cards. This is a very big problem, which is being faced by many people as their credit cards are hacked by the hackers and they are charged for the transactions done by the hackers. To avoid this problem credit card one time number can be used.
Comments
PayPal providing this facility to the credit card users in order to generate the unique credit card one time numbers. Irrespective of the bank, which has issued the credit card, PayPal can generate the separate credit card one numbers in order to secure the credit cards from hacking and other fraudulent activity. This service is being provided free of cost and people just need to make a pay pal account in order to avail this service. In this way the credit cards can be secured.
