Payments

Virtual Prepaid Cards -- A Fraudster's Best Friend?

Jens Bader - Secure Trading

Presentation

Virtual prepaid cards still occupy a small share of the overall online payments ecosystem, but their use is growing, and the number of virtual card programs worldwide is increasing. This presentation examines what virtual prepaid cards are, common examples of business-to-consumer and business-to-business cards, and how virtual prepaid cards are created and used. Then, fraud challenges and compliance considerations are discussed -- the presentation concludes with good indicators merchants can utilize to detect virtual prepaid cards and analyze their use.

Virtual Prepaid Cards -- A Fraudster's Best Friend?

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