Quote:
Originally posted by Choker
Not true. They only do a phone call when the system flags the purchase as questionable. I just made a payment to myself and no phone call.
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im just reading what the site says
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myVirtualCard uses telephone authentication to validate the customer and provides the merchant with an audit trail for their records, thereby decreasing chargeback claims.
Consumers will no longer be able to claim charges to their credit card as being an act of fraud, because our system will call their telephone, automatically, and ask them to enter their personal identification number. Once authenticated by the telephone call, the on-line transaction process will proceed.
Specifically, a consumer will create an account with myVirtualCard.com. During the transaction process our system will call their telephone and ask them to key in their 4-6 digit PIN. Once the PIN has been entered and validated, the consumer will be granted access to continue their purchase from the online merchant site. Our system will automatically re-authenticate the consumer every time they fund their account.
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i myself would find this system comforting if i was the purchaser, but im just looking at it in porn terms..