Virtual Card Overview – Extend

Virtual Cards

Virtual cards are a digital alternative to traditional physical cards. They provide a secure way to make online transactions without exposing your real card details. Below, we explore the various aspects of virtual cards.

Types of Virtual Cards

  1. Single-use Cards: Designed for one-time transactions, these cards help safeguard your account from fraud.
  2. Multi-use Cards: Can be used for multiple transactions until they expire or are deactivated.
  3. Virtual Debit Cards: Linked to your bank account, allowing you to spend directly from your account.
  4. Virtual Credit Cards: Tied to a line of credit for making purchases online.

Creating Virtual Cards

To create a virtual card, follow these steps:

  1. Log into your account.
  2. Navigate to the virtual card section.
  3. Select the type of virtual card you need.
  4. Fill in the required details and submit your request.

Updating a Virtual Card

You may need to update your virtual card's details due to changes in your account or preferences. Here’s how:

  1. Go to the virtual card settings.
  2. Choose the card you want to update.
  3. Enter the new required information.
  4. Save the changes.

Deactivate and Reactivate Virtual Cards

If you no longer wish to use a virtual card, you can deactivate it temporarily or permanently. Reactivation is also possible if needed. Steps include:

  1. Access your virtual card management settings.
  2. Select the card to deactivate or reactivate.
  3. Follow the prompts to complete the action.

Adding Virtual Card to Mobile Wallet

Adding your virtual card to a mobile wallet is simple. Just follow these steps:

  1. Open your mobile wallet app.
  2. Select the option to add a card.
  3. Input your virtual card information as prompted.
  4. Confirm the addition.

Virtual Card Approvals Workflow FAQ

Getting approvals for virtual cards can vary by institution. Commonly asked questions include: