Finally Australians can now do what the Irish have been doing since 2005 (who said the Irish were slow). Visa have launched their VCard (in conjunction with SCX Global). The VCard is a pre-paid debit card that is available from $50 to $1000.
Visa Virtual Prepaid provides an immediate and safe way to shop online or over the phone for consumers who may not have their own bank account or who may not choose to use their credit or debit card for purchasing online. - from Visa Australia media release
With the VCard you get a card number, expiry date and security code just like a regular card, but one of the additional security benefits is that once the money runs the account runs out. If you want to have more VCard money then you get another card number.
Getting a card can be done over the web at www.virtualvcard.com and by for it with your credit card (but that defeats the purpose a little for people that don’t want to use a credit card on the web) or you can purchase one from any Mobile Quix outlet.
2 responses so far ↓
1 Angela
// Nov 19, 2007 at 8:39 am
This is a great leap forward. Interestingly, I participated in some market research about this product - over 4 years ago!
2 Leah
// Nov 19, 2007 at 1:22 pm
Nothing like moving swiftly on great innovations hey Angela. I agree with you that this is a great leap forward.
I also see it as a great way for small business to keep business and personal expenditure on cards separate. Instead of using the personal card for business stuff or getting a separate business card, we can just get a vcard and use it till it runs out. Great way to keep on top of the budget.
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