Is Virtual Credit cards are the future? should we stop here?

Yeah.

Virtual CCs are the future .

And for physical card, there will be no number printed on them be it debit or credit card. (If very important, last 4 digits may only be printed) .

Alone this will solve so many frauds.

I've been using samsung pay from 2016 to make card transactions from my S7 edge visa virtual card, I've never carried a purse in 7 years. Only problem is when some machines won't accept wifi or some have this invalid Cvv error and some machines above 5K won't ask for pin and decline but some do. It's still good to have a physical card. 

rohithkumarsp543 wrote:

I've been using samsung pay from 2016 to make card transactions from my S7 edge visa virtual card, I've never carried a purse in 7 years. Only problem is when some machines won't accept wifi or some have this invalid Cvv error and some machines above 5K won't ask for pin and decline but some do. It's still good to have a physical card. 

Yes agree, It's convenient. Credit cards are no longer offering good discount easily. Just a free credit line and I suspect it will also go down in terms of the free credit days.

Stoptomove

ZNZ wrote:

Yeah.

Virtual CCs are the future .

And for physical card, there will be no number printed on them be it debit or credit card. (If very important, last 4 digits may only be printed) .

Alone this will solve so many frauds.

Frauds are beyond imagination, one of my bank account, bank issued / attached a debit card to another person and he withdraw money from my account like it was his account

ansh7 wrote:

Stoptomove

stoptomove wrote:

Frauds are beyond imagination, one of my bank account, bank issued / attached a debit card to another person and he withdraw money from my account like it was his account

what? This is insane.

stoptomove wrote:

Frauds are beyond imagination, one of my bank account, bank issued / attached a debit card to another person and he withdraw money from my account like it was his account

Really? That can happen!!!!???

stoptomove wrote:

Frauds are beyond imagination, one of my bank account, bank issued / attached a debit card to another person and he withdraw money from my account like it was his account

😱

ZNZ wrote:
what? This is insane.

Bank was not ready to accept my claim. They were saying that check with your wife, children, parents, relative they must had withdrawn money without your knowledge . I have to prove them by showing two diffrent debit card numbers for my account in my bank details. Then after a month they reversed.
@rahulsoni0706846 @neel648

neel648 wrote:

Really? That can happen!!!!???

Yes it's reality, in this era of technology anything

stoptomove wrote:

Bank was not ready to accept my claim. They were saying that check with your wife, children, parents, relative they must had withdrawn money without your knowledge . I have to prove them by showing two diffrent debit card numbers for my account in my bank details. Then after a month they reversed.
@rahulsoni0706846 @neel648

This is insane, happy you got your money in the end

stoptomove wrote:

Frauds are beyond imagination, one of my bank account, bank issued / attached a debit card to another person and he withdraw money from my account like it was his account

It is important to know which bank was this!

stoptomove wrote:

Bank was not ready to accept my claim. They were saying that check with your wife, children, parents, relative they must had withdrawn money without your knowledge . I have to prove them by showing two diffrent debit card numbers for my account in my bank details. Then after a month they reversed.
@rahulsoni0706846 @neel648

Which bank?

stoptomove wrote:

Bank was not ready to accept my claim. They were saying that check with your wife, children, parents, relative they must had withdrawn money without your knowledge . I have to prove them by showing two diffrent debit card numbers for my account in my bank details. Then after a month they reversed.
@rahulsoni0706846 @neel648

which bank is this?

gischethans wrote:
It is important to know which bank was this!

Can be any, it was a human mistake while activating debit card.

Hold on there is more to this!

Now bank started charging me renual fees for two debit cards!
First year on my complaint they reversed one charge. Second year they said it can not be reversed as time for reversal passed.
Then after three year of harrasment and no soulation provided by bank I blocked both the cards active in my account. And waited for a year to see if they charge me. Finally it was solved and no changes had been debited. Now I continued my account for another two years without debit card because it was my primary account. After a period of 3-to-4years I applied for a fresh new debit card


@rn09 @rahulsoni0706846 @neel648 @znz

stoptomove wrote:

Yes it's reality, in this era of technology anything

Was it a psu bank or pvt bank?

guest_999 wrote:
Was it a psu bank or pvt bank?

Psu, now they upgraded the procedure for activating debit card through OTP.

stoptomove wrote:
Psu, now they upgraded the procedure for activating debit card through OTP.

As expected.

stoptomove wrote:

Can be any, it was a human mistake while activating debit card.

Hold on there is more to this!

Now bank started charging me renual fees for two debit cards!
First year on my complaint they reversed one charge. Second year they said it can not be reversed as time for reversal passed.
Then after three year of harrasment and no soulation provided by bank I blocked both the cards active in my account. And waited for a year to see if they charge me. Finally it was solved and no changes had been debited. Now I continued my account for another two years without debit card because it was my primary account. After a period of 3-to-4years I applied for a fresh new debit card


@rn09 @rahulsoni0706846 @neel648 @znz

Strange Why are you hiding bank name? Why you did not blocked second card and waited for annual fees charge kamaal hai bhai ek Banda aapke account se paisa nikaal raha hai apke account meindebit card show ho Raha hai fir bhi aap us atm card ko block nahi kiye? And it took three years to block atm card in the hand of fraudster that too to save on annual charges, and not protecting your account from further unauthorised withdrawals  @guest_999 @ZNZ @rn09 

stoptomove wrote:
Psu, now they upgraded the procedure for activating debit card through OTP.

May I know which bank took this step after your case ?

guest_999 wrote:
As expected.

My intention was to highlight 'safety and privacy online' both are illusion . Can be true in any area, any sector where technology involved, specially internet.

drupal wrote:

Strange Why are you hiding bank name? Why you did not blocked second card and waited for annual fees charge kamaal hai bhai ek Banda aapke account se paisa nikaal raha hai apke account meindebit card show ho Raha hai fir bhi aap us atm card ko block nahi kiye? And it took three years to block atm card in the hand of fraudster that too to save on annual charges, and not protecting your account from further unauthorised withdrawals  @guest_999 @ZNZ @rn09 

No way, second card was blocked by bank immediately and I was using my card only. After the incident of charges for both card I went to bank and they reversed charges and also confirmed that second card is blocked in system. At that time there was no options to see cards by user. So the only way was through bank or call center. But both were useless.

stoptomove wrote:
No way, second card was blocked by bank immediately and I was using my card only. After the incident of charges for both card I went to bank and they reversed charges and also confirmed that second card is blocked in system. At that time there was no options to see cards by user. So the only way was through bank or call center. But both were useless.

You are contradicting your self

You said

" Bank was not ready to accept my claim. They were saying that check with your wife, children, parents, relative they must had withdrawn money without your knowledge rage. I have to prove them by showing two diffrent debit card numbers for my account in my bank details. Then after a month they reversed"

Then you said

"Then after three year of harrasment and no soulation provided by bank I blocked both the cards active in my account"

Now you are saying 

"No way, second card was blocked by bank immediately and I was using my card only"

How you blocked an already blocked card after 3 years and bank name you mentioned anybank?

drupal wrote:

You are contradicting your self

You said

"I have to prove them by showing two diffrent debit card numbers for my account in my bank details. Then after a month they reversed"

Then you said

"Then after three year of harrasment and no soulation provided by bank I blocked both the cards active in my account"

Don't take it wrong let me clear,

Card number was diffrent then what was mine in bank statement.

They told me that they blocked card.
After that card was not used in my account

My first complaint was for fraud transaction
Second complain for double charged

This all done by branch. Then I my self called customer service and requested to block all debit cards. Then the problem solved but till my card was active they were charging me for two cards.

Not quoting bank name because the bank has upgraded it's system since then and now that type of thing can not take place so nothing relivent.

Hope now I am able to convey.

stoptomove wrote:
Don't take it wrong let me clear,

Card number was diffrent then what was mine in bank statement.

They told me that they blocked card.
After that card was not used in my account

My first complaint was for fraud transaction
Second complain for double charged

This all done by branch. Then I my self called customer service and requested to block all debit cards. Then the problem solved but till my card was active they were charging me for two cards.

Not quoting bank name because the bank has upgraded it's system since then and now that type of thing can not take place so nothing relivent.

Hope now I am able to convey.

That kind if confusing statements and heavy sympathy towards bank name is beyond my imagination as if we are going sue that bank 

You said 

"Not quoting bank name because the bank has upgraded it's system since then and now that type of thing can not take place"

How you know bank has upgraded it's system 

How you can say that "now that type of thing can not take place" have you personally inspected their data systems?

Why it cannot happen if it happened in past?

If you tell us bank name it would be beneficial for us and no harm to bank 

drupal wrote:

That kind if confusing statements and heavy sympathy towards bank name is beyond my imagination as if we are going sue that bank 

You said 

"Not quoting bank name because the bank has upgraded it's system since then and now that type of thing can not take place"

How you know bank has upgraded it's system 

How you can say that "now that type of thing can not take place" have you personally inspected their data systems?

Why it cannot happen if it happened in past?

Okey, I personally experienced because when recently I applied for debit card, it required an otp to be activated at atm , that's why said so.

stoptomove wrote:
Okey, I personally experienced because when recently I applied for debit card, it required an otp to be activated at atm , that's why said so.

Every bank has greenpin facility now but still you can apply for physical pin along with non personalised debit card

drupal wrote:

Every bank has greenpin facility now but still you can apply for physical pin along with non personalised debit card

That's strange. So you mean to say they are maintaining both so that kind of incident is possible with today's banking system...