21 October 2017
visit www.avoka.com

Cahoot launches disposable credit card

07 December 2001  |  5589 views  |  0 Cahoot

Abbey National's standalone interactive bank cahoot has launched webcard - a disposable credit card for UK customers wishing to make purchases online.

The virtual credit card works by generating a 16 digit number which is unique to each online purchase, whenever the cardholder wishes to shop online. Customers then use this number to pay for goods, rather than their own credit card number. The number is only used once and cannot be used again. In this way the customer’s own account details are never given out or seen by a third party.

Customers can also set the limit for each transaction so companies cannot debit more money than originally agreed.

Tim Sawyer, business development and marketing director, cahoot says: "We did some research amongst our own customers which revealed that nearly 60% would spend more online, if safety or personal information was assured."

Webcard is available from 11 December to anyone with a cahoot credit or debit card. The card was developed using technology from e-payments company Orbiscom.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

HBOS sponsors safe online shopping campaign

HBOS sponsors safe online shopping campaign

07 December 2001  |  3045 views  |  0 comments
Abbey National migrates to IBM Web platform

Abbey National migrates to IBM Web platform

05 December 2001  |  9627 views  |  0 comments
Cybercrime fears damaging consumer confidence

Cybercrime fears damaging consumer confidence

28 November 2001  |  4959 views  |  0 comments
Card fraud squad to crack down on counterfeiters

Card fraud squad to crack down on counterfeiters

08 November 2001  |  3862 views  |  0 comments
Discover adopts Orbiscom disposable card technology

Discover adopts Orbiscom disposable card technology

07 November 2001  |  5389 views  |  0 comments
Abbey boosts silver surfers

Abbey boosts silver surfers

01 November 2001  |  3429 views  |  0 comments
Swedbank to offer disposable card numbers

Swedbank to offer disposable card numbers

31 October 2001  |  6124 views  |  0 comments
Abbey National home insurance goes online

Abbey National home insurance goes online

30 October 2001  |  5916 views  |  0 comments
Brief: Orbiscom appoints First Data VP Henry Tsuei to the board

Brief: Orbiscom appoints First Data VP Henry Tsuei to the board

25 October 2001  |  3464 views  |  0 comments
Visa and CyberSource launch online fraud detection service

Visa and CyberSource launch online fraud detection service

22 October 2001  |  4426 views  |  0 comments
Abbey National notches up £5 billion online mortgage applications

Abbey National notches up £5 billion online mortgage applications

16 October 2001  |  4051 views  |  0 comments
Carte Bleue to use disposable card number technology

Carte Bleue to use disposable card number technology

11 October 2001  |  4592 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9840 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8918 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8510 views comments | 16 tweets | 19 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8016 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7660 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job