Saturday, April 28, 2012

SBI launches ‘virtual’ card for online transactions

State Bank of India has launched a ‘virtual’ electronic debit card for e-commerce transactions. The ‘State Bank Virtual’ card can be created by a customer using the banks Internet Banking facility with transaction rights. The product allows the user to create a virtual card for any online transaction and the customer is not required to share the details of the principal account on the merchant Web site. The features of the virtual card are: no charge on creation of the card and the customer can create any number of cards at the same time. The card is created for each online transaction and is valid for a maximum of 48 hours. The minimum amount with which the card can be loaded with is Rs 100. There is no upper limit.

No comments:

Post a Comment

Worth reading