This service is intended to provide companies currently paying for travel through multiple accounts with a centralised travel payments system. In 2013 Royal Bank of Scotland MasterCard customers became eligible for MasterCard's "enhanced Central Travel Service" (eCTS), which uses VCN technology. Orbiscom's patented payment technologies have been integrated with MasterCard's global processing platform, "inControl". Examples from other countries are MBnet, which can create a payment number linked to virtually any credit or debit card emitted in Portugal. In the United States, the system is used by the following credit card issuers: Bank of America "ShopSafe" (inherited when it acquired MBNA) (and now discontinued-see below) and Citibank "Virtual Account Numbers". acquired the controlled payment number system developed by Orbiscom, a Dublin-based payment processing company. The technology is also called by generic names "substitute credit card number", "one-time use credit card", "disposable credit card" and "virtual credit card number", or "virtual card number" (VCN). The term "controlled payment number" is a trademark of Orbiscom. Consequently, if it is compromised a fraudulent user can usually not steal money, and the limit reduces how much a fraudulent person can steal. While it could usually be set up to allow multiple transactions, it could only be used with a single merchant. The number is generated through the use of either a Web application or a specialized client program, interacting with the card issuer's computer, and is linked to the actual credit card number. The possibility of a fraud occurring is significantly less than a traditional physical card, which can be lost, stolen or indeed cloned. The technology was introduced primarily as an anti-fraud measure, so that a virtual unique credit card number may be generated to settle a specific transaction, on an exact date by an authorized individual. This "alias" number is indistinguishable from an ordinary credit card number, and the user's actual credit card number is never revealed to the merchant. ( June 2014) ( Learn how and when to remove this template message)Ī controlled payment number, disposable credit card or virtual credit card is an alias for a credit card number, with a limited number of transactions, and an expiration date between two and twelve months from the issue date. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. This article contains content that is written like an advertisement.
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