Alliance Bank sets a new security standard for credit cards by offering the first dynamic virtual credit card in Malaysia. You can create virtual numbers for each platform, as well as a one-time card number valid for 30 minutes.
Alliance Bank has introduced Malaysia’s first in-app dynamic virtual card which aims at providing greater control and security for your online transactions. As the name implies, this is a virtual card credit card offering that allows you to create multiple 16-digit virtual card numbers for various online platforms, subscriptions and eCommerce websites.
The dynamic virtual card offering also saves users from the hassle of reissuing a new card if the number has been compromised from cybersecurity incidents. The dynamic virtual credit card for each platform minimises the risk of fraud as the breached number is isolated from the rest of your virtual card numbers.
Besides online payment card transactions, the Virtual Credit Card can also be used for DuitNow QR code payments as well as bill payments via JomPay. Alliance Bank is also proud that the new product is also ESG-compliant as there’s no physical card for this offering.
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