Consumers use Virtual Credit Cards to prevent identity and data theft, which is on the rise as people are spending more money online.

A Virtual Credit card is created when a computer program that the user has downloaded generates a random credit card number. This number is then linked to an account and is used in the same way that a normal credit card is. A virtual mastercard can be generated on demand and on the spot. By using a different number every time a purchase is made, it is impossible for a thief to make unauthorized purchases. Virtual credit cards can be used online, over the phone and when making mail order purchases.

Virtual credit cards have an expiration date and a security code just like a traditional credit card. Virtual credit cards can also be used for more than just one time purchases. These are very versatile tools for businesses and individuals that want to ensure that no unauthorized spending is going on. An individual can use the card to make multiple purchases on a single website or may choose to only authorize a specific prepaid amount.