What is a virtual card?

A virtual card is a digital or online representation of a physical credit or debit card. It is not a physical plastic card but rather exists in electronic form. Virtual cards are typically used for online transactions and are generated and managed through a banking or financial institution's online platform or a mobile app. These cards have a card number, expiration date, and security code, similar to a physical card, but they are used for digital transactions.

One of the advantages of virtual cards is enhanced security. They can be easily generated and deactivated, reducing the risk of fraud and unauthorized use. Virtual cards are often employed for specific purposes, such as making online purchases, subscribing to services, or managing expenses for a limited time. Additionally, some virtual cards come with features like spending limits or merchant restrictions for added control over transactions.

A random 16-digit number in the context of a virtual card typically refers to the card number associated with the virtual credit or debit card. This 16-digit number is similar to the card number on a physical credit or debit card and serves as a unique identifier for the virtual card. The number is generated randomly and is used for making online or digital transactions.

In the case of virtual cards, these 16-digit numbers are often part of a set of information that includes an expiration date and a security code. Together, these details allow individuals to use the virtual card for online purchases while maintaining a level of security. Virtual cards are frequently used for one-time transactions, temporary subscriptions, or situations where additional security measures are desired, such as when making a purchase from an unfamiliar or less trusted online platform.