What does virtual card mean?

Virtual card usually refers to a virtual card of a bank card. It is a virtual account derived from the BIN code of UnionPay, VISA and MasterCard based on the bank card; according to the relationship between the virtual card and the physical card Relationship and implementation method, we can divide virtual cards into main card independent type, dependent supplementary card and mapped virtual card.

#The operating environment of this tutorial: Windows 7 system, Dell G3 computer.

What does virtual card mean?

Virtual card usually refers to a virtual card of a bank card. It is a virtual account derived from the BIN code of UnionPay, VISA, and MasterCard based on the bank card. According to the relationship between virtual cards and physical cards and the implementation method, we can divide virtual cards into: main card independent type, dependent supplementary card and mapped virtual card.

Virtual cards are generally used for cardless payments on the Internet, so virtual cards will not be equipped with corresponding physical cards. Virtual bank cards are no different from physical cards in terms of classification. They are also divided into two types: virtual credit cards and virtual debit cards.

Virtual card is a virtual account number derived based on the BIN code on the bank card. Although it does not have a physical card, it can still be used for payment and settlement. , enjoy the same card swiping discounts as physical cards. According to the relationship between virtual cards and physical cards and the implementation method, we can divide virtual cards into three types:

1. Main card independent type: This card has an independent and complete main account and does not rely on Physical credit cards, the representative card type is CCB Long Card e-payment card.

2. Attached supplementary card: This type of card needs to be attached to a physical card in real life, such as Bank of China virtual credit card and CITIC online payment card. Cardholders can apply for several virtual cards through one main card. Account, the main card will be paid off in one lump sum during repayment.

3. Mapping virtual card: mainly refers to credit cards used for ApplePay, SamsungPay, HCE Cloud Quick Pass, etc.

The difference between virtual credit cards and ordinary credit cards
is not only reflected in the form of the card Above, there are also differences in the following aspects:

1. Time limit: Ordinary credit cards have time limits, usually 3-5 years. After the validity period, the credit card must be replaced. There are two situations for virtual credit card account owners, one is for one-time use, and the other is for continued recharge.

2. Security: Since the virtual card has no physical form and is just an account for online transactions, it is safer to use and can effectively prevent the card number and security code from being copied and reduce theft. risk.

3. Application method: The application method for ordinary cards is more complicated. Most applications are offline and all basic information must be prepared. The application method for virtual cards is very convenient. You can call the bank customer service or log in Official website to apply.

For more related knowledge, please visit the FAQ column!

The above is the detailed content of What does virtual card mean?. For more information, please follow other related articles on the PHP Chinese website!