July 10 2006
Paypal extends service to 'virtual debit cards'.
Datamonitor reports that Ebay's Paypal is to roll out a 'virtual debit card' that'll allow Paypal to be accepted by online Mastercard systems. This will move Paypal outside its ebay-based customer file.
Datamonitor adds:
PayPal says the virtual card will function just like a normal debit card, but uses 'one time only' randomly-generated account numbers to enhance consumers' security.
Ian Jindal
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