![]() ![]() ![]() Google will also text the user’s phone to confirm identity. Google has also said that there’s an additional layer of security in the mix: When Amex (or other) cardholders set up new virtual cards, they’ll have to go through a two-factor authentication process. Google said in a blog post Tuesday that the details change often as commerce commences through Google Pay: Some cards will change the virtual card number for each merchant with which the consumer transacts, while others will change the CVC or CID, the three- or four-digit security code, in addition to the virtual card number. The virtual option replaces holders’ credit card number with a unique card number that is in turn shared with merchants. The points of enrollment come when saving payment information in Chrome for the first time and after making a purchase online. On the consumer side of the equation, the virtual card option is offered at checkout on Chrome browser or Android phones. ![]() “This is a big step in the overall long-term direction of making online commerce safer and faster for our users,” Ranjan told Webster, and the company is working to bring virtual cards to those networks. The virtual cards have already been available to Capital One cardholders. ![]() The move follows Google’s actions last year when it said Chrome browser and Pay users would be able to use virtual card numbers through autofill. 7) it is rolling out virtual cards for American Express users - available, specifically, for the payment network’s proprietary American Express US consumer, business and corporate cards. The future of checkout, then, might lie with virtual cards. Peeyush Ranjan, vice president and general manager of Google Pay, told Karen Webster that being able to fill in one’s payments details with a single click was a huge step in making us all feel more comfortable about using cards online.īut now, more than ever, we’ve got to hide our personal payment details from the fraudsters.ĭefending against fraud, he said, “is a cat and mouse game.” The best lines of defense, he said, lie in hiding the 16-digit card numbers, while keeping user identities and credentials “bound” to the devices they use in eCommerce and card data “bound” to the merchants they frequent - all of it done safely and securely. Autofill solved a lot of problems for eCommerce - especially friction at checkout. ![]()
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