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Subject Author Date
Virtual Credit Cards With Download to Quickbooks Will 03-22-2008
Posted by Will on March 22, 2008, 4:06 pm
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 Some credit cards now have an option to create "virtual" credit cards, which
are only good for particular vendors one-time or repeatedly. This greatly
lowers the risk from theft of a card since the number cannot be re-used by
any other vendor.

Does anyone know of a bank with a business card (one card per employee) that
has support for both "virtual" cards as well as the ability to download
charges automatically into Quickbooks. I need a real-time download
directly to Quickbooks and will NOT use a card that requires me to dump data
into a transfer file and then manually import that to Quickbooks.

--
Will



Posted by Mark Bole on March 25, 2008, 10:22 pm
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 Will wrote:
> Some credit cards now have an option to create "virtual" credit cards, which
> are only good for particular vendors one-time or repeatedly.

What a great source of data for the card company: a real-time update
initiated by the consumer as to how much they plan to spend, how soon,
and with whom.

-Mark Bole


Posted by Will on March 26, 2008, 2:09 pm
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> > Some credit cards now have an option to create "virtual" credit cards,
which
> > are only good for particular vendors one-time or repeatedly.
>
> What a great source of data for the card company: a real-time update
> initiated by the consumer as to how much they plan to spend, how soon,
> and with whom.

So it's a win win for both the user and the credit card company.... It
also improves security for the credit card company (fewer chargebacks) which
greatly lowers their costs. So why don't more do it?!

--
Will



Posted by Haskel LaPort on March 26, 2008, 2:38 pm
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>> > Some credit cards now have an option to create "virtual" credit cards,
> which
>> > are only good for particular vendors one-time or repeatedly.
>>
>> What a great source of data for the card company: a real-time update
>> initiated by the consumer as to how much they plan to spend, how soon,
>> and with whom.
>
> So it's a win win for both the user and the credit card company.... It
> also improves security for the credit card company (fewer chargebacks)
> which
> greatly lowers their costs. So why don't more do it?!

Because its a pain in the ass to use.


>
> --
> Will
>
>


Posted by John on March 29, 2008, 8:18 pm
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>
>>> > Some credit cards now have an option to create "virtual" credit cards,
>> which
>>> > are only good for particular vendors one-time or repeatedly.
>>>
>>> What a great source of data for the card company: a real-time update
>>> initiated by the consumer as to how much they plan to spend, how soon,
>>> and with whom.
>>
>> So it's a win win for both the user and the credit card company.... It
>> also improves security for the credit card company (fewer chargebacks)
>> which
>> greatly lowers their costs. So why don't more do it?!
>
> Because its a pain in the ass to use.
>
>
>>
>> --
>> Will
>>
>>
>


Here's a half-answer to your question: I used MBNA like that for years
until they were bought out by Bank of America, at which time their service
went down the tubes so I don't use them any more.

You set the limit and the expiration date. They generated a card number for
one-time use.


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