The answer to online fraud? New bank Revolut launches virtual debit cards that automatically destroy themselves after each use to protect customers

App-based challenger bank Revolut has launched a new feature which it claims will help its customers sidestep rampant online fraud.
It is the first in the UK to offer the feature, which works by generating a new disposable virtual card for every online purchase customers make via its smartphone app.
The idea is that this will prevent swindlers from stealing your payment information to use in future fraudulent transactions online. 
Revoult, which became the first digital bank to break even in December last year, has had a flurry of new launches in recent months including a location-triggered... read more

6 April 2018 in Business, Views: 57
Source: Daily Mail

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