Capital One fights fraud with virtual credit card numbers | finder.com

Capital One to combat fraud with disposable credit card numbers

Georgina Littlejohn 22 March 2018 NEWS

The bank will issue one-time virtual numbers for online shopping.

In an attempt to combat credit card fraud, Capital One will issue disposable numbers for customers to use while shopping online.

The bank will now allow its customers to pay with these virtual numbers instead of their real one every time they make an online purchase.

This gives customers a different credit card number for each different online retailer, but they are all tied to the same original card and account.

And it also means they don’t have to give their actual credit card number to any online merchants.

Capital One said having just one primary number can give thieves a single point of access for fraud.

This new system also puts an end to the inconvenience of re-entering new card information to every online retailer used after a card is stolen.

It also reduces the hassle of calling the bank to cancel an account – consumers can now just disable the card specific to that merchant.

And some consumers might feel more comfortable buying items from retailers they haven’t used before or otherwise might have avoided.

To get a virtual number, cardholders must visit their online profile on the Capital One website and use a tool called Virtual Numbers from Eno, named after Capital One’s virtual assistant Eno.
The tool creates unique, virtual numbers for each retailer that’s linked to their Capital One credit card account.
The service is currently only available on desktop but will work on Capital One’s mobile app in the future.

The amount of credit card fraud has more than doubled since the turn of the century and was projected to cost $8.6 billion last year. Learn more about all the different ways you can help safeguard your accounts from fraud in our guide to credit card security.

Latest news headlines

Picture: Shutterstock

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our and .
Go to site