For those who are concerned about give out their credit or debit card number online, Paypal has began testing its new service called Virtual Debit Cards where customers need to download Virtual Debit Card application and use it to generate a virtual debit card every time you shop. PayPal has tied up with Mastercard, so that you could use these virtual debit cards wherever Mastercard is accepted.
Anti-phising or fraud protection system warns customers whenever they land on potentially fraudulent sites. Customers could shop fasted using the Form Fill feature which automatically completes shipping and billing details. Plus, the customers financial information will never be disclosed to anyone.
PayPal Virtual Debit card is still in it Beta, so wait for sometime for it to become available. Right now, you could just take the tour or read their FAQ.
[via Freakitude]
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