About half of the people in America do at least some online shopping. There is risk of theft and fraud while purchasing through the internet. There are new solutions created to save the credit-card information. There are some alternatives for online shopping such as:
Virtual cards: These cards are very good for consumers who have fear about personal information control. Consumers are allowed by this card to shop by using a temporary number which is connected to their existing account and it works at just one store. Charges are to be paid on your regular card because the virtual card is linked to existing account. Virtual cards cannot be used in the physical world, so you can reduce the risk of credit-card information online.
Electronic payment systems: Many consumers have been using this electronic payment system.
After selecting this option, customer will get invoice e-mail from the merchant. Customers need to establish that merchant as a payee with their bank or electronic bill paying service, at first time. The customers is emailed a conformation stating that the merchant received the funds, after the necessary payment. Moda solutions informs merchants that a payment has been deposited in their account in the customer’s name, instead of merchants accessing for any bank information.
Merchant programs: Without the card holder’s authorization, major credit-cards have zero-liability policies for credit card transaction, unconcerned where you shop. If your card is stolen then it is difficult to clean up, so to provide extra safety, shop online verified by visa or verified by MasterCard program.
So, these are different options to save the credit-card information from hackers and phishers.
