Privacy Allows You to Create “virtual” Credit Card Numbers, Instantly Deactivate One If It Is Stolen
There is a break-in every other day. Credit card information is stolen, leaving you stuck calling your bank for a new one or waiting to see if your bank is being misused, but Privacy is a new tool that lets you create virtual disposables and then instantly deactivate them in case of theft.
Do you know how you in Gmail can create email addresses like ” [email protected] ” and then if you receive spam, do you know who sold your email address to the list somewhere? Privacy is much the same except for your bank account. You still have the fraud and liability protection your bank or card company offers and your transactions go through as usual.
Privacy simply gives you the ability to create virtual “accounts” that are authorized to charge a specific amount from your account. You can set up this account for one-time or multiple-use, and if the amount is used up, the transaction will not go through to your main account. If one of your virtual accounts ends up with an account you don’t know, you can open the account from the Privacy Chrome or Firefox extension and close it immediately. The Chrome extension allows you to quickly manage your account, automatically populate shopping sites with virtual account numbers, or quickly create or close numbers.
Privacy is completely free and makes money by acting as a credit card processor (you can read more here ) so they don’t have to charge you for the service. From a security point of view, you can read here everything about how Privacy ensures the security of your data , as well as how the service provides communication with your bank. Click on the link below to find out more, see how it works, and register if you’re interested.