Virtual cards are part of the product portfolio supported by SINNAD.
In combination with 3D Secure, this offer cardholders a highly flexible way to make Internet online purchases.
A virtual card is a product designed for the “card not present” environment and as such there is no physical plastic card produced (no magnetic stripe or chip, no signature panel, and no online PIN). It can be issued to customers as an additional card and may be connected to a prepaid account. Virtual cards effectively work the same way as prepaid cards linked to a separate cardholder account which can be topped up with funds using different terminals or transfers. They are personalised on a reference paper card with PAN, expiry date and CVV2 or can integrated with bank internet bank or mobile banking to issue and manage card instantly. The customer selects the card expiration in days, the amount limit and the quantity of operations.
SINNAD’s solution is particularly suitable for customers who
do not wish to expose their existing high limit VISA/MasterCard credit or debit card number on the Internet
want to keep their “real” and “virtual” payments and account balances separate
wish to have a dedicated card for Internet Shopping
SINNAD provides full support in the process of certification with the payment Systems.