The EONEPAY VirtualCard offers high level of transaction security. It has a chip embedded on the card which contains the information required for payment processing. A number of countries are migrating to this technology.What are the benefits of the EONEPAY VirtualCard?
The EONEPAY VirtualCard provides an enhanced level of protection against fraud. The data stored in the chip cannot be accessed by unauthorised persons, thus making it virtually impossible to copy or tamper with the data. The chip card also uses encryption algorithm for authorisation, thereby making it difficult to counterfeit.How does the EONEPAY VirtualCard?
The EONEPAY VirtualCard works very much the same way as a magnetic strip card. They are used on the same terminal where magnetic strip card are used. All terminals in India are equipped to process these cards. These cards are internationally valid and have world acceptance in most of the countries. In case a terminal is not equipped to process this card, as a backup, card data is also stored on the magnetic stripe of the chip card to ensure acceptance at most card accepting terminals.Where all can I use my EONEPAY VirtualCard?
The card can be used at all merchants who already accept card payments. Like most payment cards, this card can be used on EDC terminals as well as for online purchases.How do I use my EONEPAY VirtualCard?
Here is how a transaction will happen on EONEPAY VirtualCard. The steps involved would be: