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Privacy – Forget Your Credit Card

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Re: Privacy – Forget Your Credit Card

#101

Post by ajkjk »

soneca wrote: post #89

Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…

I've never heard of anything like this in the US. So I think it is new here, at least.

Re: Privacy – Forget Your Credit Card

#102

Post by vmarsy »

habosa wrote: post #80

This is one of those things I have wanted to make so many times and I assumed it would either be technically impossible (card numbers not actually a huge number space) or it would just get marked as fraud. Excited to see someone giving it a try.

For big banks, it has been technically possible for a while (since 2002 in France[1]) you can create a single usage card. The issue is the cost of that service, and it's probably only working on Windows PCs.

[1] https://translate.google.com/translate?sl=fr&tl=en&js=y&prev...

Re: Privacy – Forget Your Credit Card

#103

Post by [deleted] »

soneca wrote: post #89

Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…

[deleted]

Re: Privacy – Forget Your Credit Card

#104

Post by nommm-nommm »

bluecmd wrote: post #91
habosa wrote: post #80

This is one of those things I have wanted to make so many times and I assumed it would either be technically impossible (card numbers not actually a huge number space) or it would just get marked as fraud. Excited to see someone giving it a try.

Obligatory country smug. We have had this in Sweden for at least 5 years, possibly a decade.

Plenty of US companies either currently offer this service or have offered it in the past. This isn't exactly a new concept.

These services aren't usually very popular.

Re: Privacy – Forget Your Credit Card

#105

Post by boling11 »

jjallen wrote: post #94

Wish they explained this better: "Please ensure this information is accurate. We're required to verify this information against public records . But don't worry, we'll keep it private." I suppose I'm legally opening a bank account, which has similar requested info as this, but are they checking my credit (probably not, I know, but it makes me uncomfortable)? Will wait a while.

You're right the language here should be better. FWIW, you're not opening a bank account and we aren't pulling a credit check (per our FAQ). We cross check the information as part of our AML / KYC policy.

Re: Privacy – Forget Your Credit Card

#106

Post by el_benhameen »

boling11 wrote: post #45
tedmiston wrote: post #24

My biggest question with Privacy, and of any one-time use credit card numbers service, is always: Will it affect my rewards? Will businesses still show up unaffected with the same categories on my credit card statement? (I have a travel rewards only card, so breaking the rewards flow is a deal-breaker for using a higher level service.) Edit: I misunderstood the service as being able to be layered on top of normal cre…

Debit cards are something we're looking towards in the near term, credit cards probably will have to be a premium feature (due to how we make money right now). The numbers can be one-time use (burners) or re-usable at the same merchant.

I can't use this right now because all of my spending goes on a rewards credit card, but if you offered credit card support as a premium feature I'd be signed up in a second. I hope to see that feature soon!

Re: Privacy – Forget Your Credit Card

#107

Post by mahyarm »

boling11 wrote: post #27
__d wrote: post #10

I understand why you need it, and I want this service in a big way, but I'm just baulking at giving you my online banking username and password. Why should I trust you with that?

Totally understand it's sensitive, and it's cool if you're not ready to trust us with that yet. That's something that we plan to earn and don't take for granted. Eventually we do plan to allow debit card funding.

Why not let people directly put in account numbers then? Lets users avoid online bank account liability but has the same effect.

Re: Privacy – Forget Your Credit Card

#108

Post by gervase »

ajkjk wrote: post #101
soneca wrote: post #89

Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…

I've never heard of anything like this in the US. So I think it is new here, at least.

A few credit card companies offered this in the mid-2000s (Providian and Citi, possibly more), but it seems to have fallen out of favor in the intervening time. I liked to have it as an option, so I'm glad it's making a comeback.

Re: Privacy – Forget Your Credit Card

#109

Post by harshreality »

soneca wrote: post #89

Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…

Bank of America offers this as "ShopSafe", but it's buried on the BoA credit card account page and it's a flash app. It's also not available from the BoA mobile app, at least not last I looked.

Re: Privacy – Forget Your Credit Card

#110

Post by jjallen »

boling11 wrote: post #105
jjallen wrote: post #94

Wish they explained this better: "Please ensure this information is accurate. We're required to verify this information against public records . But don't worry, we'll keep it private." I suppose I'm legally opening a bank account, which has similar requested info as this, but are they checking my credit (probably not, I know, but it makes me uncomfortable)? Will wait a while.

You're right the language here should be better. FWIW, you're not opening a bank account and we aren't pulling a credit check (per our FAQ). We cross check the information as part of our AML / KYC policy.

What are those? EDIT: Probably some money laundering stuff?
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