thumb tacks, thumb tech

Musings and rantings about...EVERYTHING.

Friday, September 21, 2007

Citibank virtual account number

Our printer's toner just ran out! After much consideration, we decided to get the replacement toner online since the stores were charging the same toner at a much higher price. After much searching, Circuit City gave us the best rate of $42 for the model we wanted. That was better than what Amazon or Buy.com could offer. I'm not going to review about the toner cartridge or the online retailers. What I want to "brag" about is the method of payment! HA!

We actually tried using Citibank's virtual account number for the 1st time! What an ingenious way to shop online. With this service for Citi card members, you never have to give out your real credit card number online. With one click, you can generate a random credit card number, and make it virtually impossible for anyone to steal your account number while shopping online. Then, you enter this number into the merchant's form and complete your purchase without revealing your real card number. In the process, you can also set the $ limit or $ and time limit for the virtual/random credit card for a one-time use.

Virtual Account Numbers are only good for online shopping. You cannot use them for purchases that require you to show your credit card at time of pick-up (e.g., movie tickets, hotel accomodations etc.), because the account numbers will not match.

Does your bank offer similar type of anti-theft solutions?

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