Virtual Card

A virtual card is a digital card number used for online or remote payments. It can be generated for single-use or limited-use transactions to reduce fraud risk.

Virtual cards are often issued by banks or payment platforms and may map to a physical card or account. They are commonly used for subscriptions, travel, and vendor payments, including card-on-file setups.

Related Terms

Card-on-File

Card-on-file refers to storing a customer's card details with a merchant or payment provider for fut...

Tokenization

Tokenization replaces sensitive payment data with a non-sensitive token that can be used for transac...

Payment Processor

A payment processor manages the technical processing of card and electronic payments between merchan...

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

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