Discover Does Away With Disposable Debit Card Numbers - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Discover Does Away With Disposable Debit Card Numbers

Discover Does Away With Disposable Debit Card Numbers

Add to Favorites:
Discover Does Away With Disposable Debit Card Numbers

The days of disposable debit card numbers are now done for Discover’s customers. The program called “Secure Online Account Numbers” and enabled customers to pick a unique credit card number for doing transactions safely online.


For example, if a customer didn’t feel comfortable putting their real credit card number online, they could simply opt to adopt a new one for a one-time use and thus be free of worry. However, as of Sep. 8, this program is now non-existent, Discover told cardholders via email.


As described by the publications the Consumerist and the Chicago Tribune, the reason for its swift end was this: “added security measures to protect customers from fraudulent use of their cards both online and offline.”


Discover might be washing its hands of the program, but it wasn’t the first to create one. That honor goes out to American Express, way back in 2000. Discover and Citibank, as well as MBNA and several other card issuers, followed suit. MBNA was eventually bought out by Bank of America, but its “ShopSafe” program is still available to cautious customers who are fearful about thieves preying on theircredit cards.


Citi’s own version, the Virtual Account Number program, is also in operation, as well. Customers that decide to use such programs have credible reasons for choosing to do so. Javelin Strategy & Research announced that credit card fraud as well as its close relative identity fraud dropped in 2010. Yet it still remains a viable threat, especially when shopping online.


The amount of annual costs dropped from $56 billion to $36 billion, but consumer costs also shot up some 63 percent, on the same token. Javelin noted that the reasons for such declines probably boiled down to “increased consumer awareness, but also the use of increased security and verification measures by credit card companies.”


Discover said in its mass email to its affected customers: “Please remember, you’re always protected whenever you use your card with $0 Fraud Liability, so use your card with confidence, as you’re *never* liable for unauthorized purchases – online, offline, anytime, anywhere. Again, thank you for your continued loyalty.”


Add to Favorites:

Related News:

Debt Could Put a Damper on Romance

Posted: August 18, 2017

Does credit health factor into romance? The answer is yes, according to the new Chase Slate 2017 Credit Outlook survey. Carrying a lot of debt could be a deal breaker for some people, with 37% saying that it could make them think less of a ... Continue reading
Voting for Discover it Student Card Design

Posted: August 17, 2017

Discover is asking college students to weigh in on the new design for their Discover it Student Card, so from now until September 21, they can vote on their favorite design on Discover's website. To get the word out, they are running a ... Continue reading
Bank of America and PayPal Strike a Deal

Posted: August 16, 2017

With more and more people interested in making mobile and digital payments, Bank of America and PayPal have inked a new deal paving the way for Bank of America customers to be able to link their credit and debit cards with PayPal and use ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Match Mile For Mile: We’ll match all the Miles you’ve earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit