Visa has collaborated with Australian prepaid card provider SCX Global to launch the first disposable prepaid card especially for the internet. The Vcard, says Visa, does not require a bank account to be operational. You simply buy the card for around A$5.50 and register to have it loaded with funds either at a retail outlet or over the internet. Once the funds run out, the card cannot be used again.
PayPal has announced a service for its customers that will allow them to use their PayPal account at online retail outlets that do not accept PayPal. The company plans to launch a MasterCard branded debit card number that can be used online for a single purchase. The number will be unique and valid only for that particular transaction. The facility uses one-time card technology from Irish company Orbiscom.
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