Read: 1844
Alliance Bank Malaysia Introduces Innovative Virtual Card with Dynamic Card Number to Enhance Online Transaction Security
1 Year Ago 0 Shares 145 Views
Alliance Bank Malaysia Berhad Alliance Bank, a leading banking institution, has recently launched the Alliance Bank Visa Virtual Credit Card, equipped with an innovative feature that significantly boosts online transaction security. By partnering with Visa Malaysia, CTOS Digital Berhad CTOS, Jirnexu RinggitPlus, YTL Communications YES, and Touch ‘N’ Go Digital TNG Digital, this groundbreaking solution elevate customer experience while mntning a high level of protection agnst fraudulent activities.
The Dynamic Card Number feature generates unique 16-digit credit card numbers for every transaction, catering to the varied needs of online shopping, streaming services, subscriptions, and more. This advanced security measure ensures that each online purchase is made with confidence by mitigating risks associated with data breaches, identity thefts, and other financial scams.
Customers have the flexibility to create personalized Dynamic Card Numbers and set limits on their usage for specific subscription services. With this feature, users can track their transactions conveniently via mobile devices while enjoying peace of mind knowing that their payment information remns safe.
In line with Alliance Bank's commitment to customer-centric innovation, this new virtual credit card offers a secure and convenient payment experience. Ms Gan P Li, Group Chief Consumer Banking Officer at Alliance Bank, underscores the importance of this feature: We are dedicated to providing our customers with the best digital solutions that meet their expanding needs while ensuring seamless transactions.
Visa Country Manager for Malaysia, Mr Ng Kong Boon, shares a similar sentiment: By introducing dynamic card numbers on virtual credit cards, we m to empower and reassure our customers when making digital payments. This is an essential step towards enhancing confidence in online shopping and e-payment services.
TNG Digital CEO, Mr Alan Ni adds that the virtual credit card solution aligns with their commitment as a secure e-wallet provider, supporting Bank Negara Malaysia's standards for financial security.
In light of rising data breaches, this enhanced security feature is particularly relevant. With 154 data breaches per 100 people in Malaysia in 2022 according to Surfshark, Alliance Bank's initiative not only combat the issue but also offers customers a more personal and secure online payment experience.
Users can easily apply for the Alliance Bank Visa Virtual Credit Card through an efficient digital application process, which includes uploading necessary documents like EPF statements or salary slips. Upon approval, customers will receive notifications via push notification.
To learn more about the Alliance Bank Visa Virtual Credit Card and other banking products and services, visit https:www.alliancebank.com.myhttps:www.alliancebank.com.my.
About us:
The SmartInvestor Malaysia is an online platform dedicated to providing insightful information on investments, personal finance management, enterprise strategies, property investment advice, sustnability reporting, news updates, and more. We offer educational content med at empowering individuals with the knowledge necessary for making informed financial decisions.
Contact:
Sign up now to receive our newsletter and stay updated on new articles, guides, how-to's, analysis, industry insights, and more.
**: The contents of this website are inted solely for informational purposes. Professional financial advice should be sought from a certified financial advisor or institution before making any investment decisions.
This article is reproduced from: https://smartinvestor.com.my/alliance-bank-introduces-innovative-dynamic-card-number-in-visa-virtual-credit-card/
Please indicate when reprinting from: https://www.773j.com/Card_Alliance_Card_Alliance_Platform/Alliance_Bank_Virtual_Card_Security_Boost.html
Enhanced Online Transaction Security Secure Virtual Credit Card Launch Dynamic Card Number Feature Alliance Bank Visa Collaboration Personalized Payment Experience Innovative Financial Solution Introduction