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Credit card networks offer a similar thing. They call it payment network tokens. Basically, the network gives the merchant/processor/store/etc a Uuid string tha
by Brystephor 4y ago
Credit card networks offer a similar thing. They call it payment network tokens. Basically, the network gives the merchant/processor/store/etc a Uuid string that's an identifier for your credit card. Then the merchant sends that UUID string (the token) to the network and the network sends the real credit card details to the issuer for authorization.
So instead of giving merchants real financial info, they just get a pass to charge your credit card without the details of it.
- mdaniel 4y agoYes, I've been making heavy use of that over the years, from Amex's early offering through Privacy.com and now Capital One's anemic offering There's still quite a few merchants which give it the evil eye since evidently one can distinguish them from "real" credit cards if the processor chooses to look, but it's better than nothing Column is the first I've ever heard of a bank offering this level of financial firewalling
- theonething 4y agoYeah, I use Privacy extensively and on rare occasions have been rejected by merchants because of their no gift cards allowed policy. So apparently that is the category Privacy virtual cards come under.
- ceejayoz 4y agoThat changed recently. As part of the migration, they had to reissue all cards, but they’re now charge cards instead of prepaid debit. https://news.ycombinator.com/item?id=29432683 https://news.ycombinator.com/item?id=29432683