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It hasn't changed for either one, sadly. [1] [2] [1]: https://www.bankofamerica.com/privacy/accounts-cards/shopsafe.go https://www.bankofamerica.com/privacy/ac
by 10bass 8y ago
It hasn't changed for either one, sadly. [1] [2]
[1]: https://www.bankofamerica.com/privacy/accounts-cards/shopsafe.go https://www.bankofamerica.com/privacy/accounts-cards/shopsaf...
[2]: http://www.citibank.com/transactionservices/home/card_solutions/commercial_cards/global_corp_sol/products/vca_demo/virtual_card.htm http://www.citibank.com/transactionservices/home/card_soluti...
- gowld 8y agovirtual card #s is a great system, why did it rot? I assume it's because the whole industry prefers data-brokering your purchase history, joined on credit-card # to establish identity.
- Karunamon 8y agoThat's one good reason, another is probably pushback from merchants. Having these virtual cards completely shuts down the "free-trial-we-hope-you'll-forget-and-let-us-ding-you-for-a-month-or-two" business model that's so popular for online services.
- kiriakasis 8y agoAlso usability, most people just don't care enough. (which is reasonable often)
- pbhjpbhj 8y agoNot sure you need merchant pushback there - if it leads to unexpected charges then it's more likely to lead to inability to pay, or short payment, which gives the credit card companies their chance to feed off the client.
- mook 8y agoWouldn't the bank still know your full purchase history (since they know what numbers are tied to you)? So they'd in fact get a leg up on the competition, who get a more distorted view?
- mbreese 8y agoBut they don’t get the invoices of what you bought, just the total payment amount.
- woolvalley 8y agoUnless they work with an analytics system that mastercard, visa & amex participate in to link card numbers to invoices for better advertising & affiliate data. I know FB & Google purchase something like that from one or two credit card companies, so I wouldn't be surprised if merchants were in to it too.