Imagine: A virtual card immune to fraud

Our innovative Mobile Virtual Card (MVC) technology powers the soon-to-be released VCpay application. Immune to all forms of fraud, VCpay is the simplest, easiest and most secure way to pay for goods and services online.

Johannesburg – Every so often an enterprising geek or company will claim they’ve finally found a secure way to pay for your goods and services without using paper money.

They’ll claim that their innovative platforms will stop card fraudsters from embezzling your hard-earned cash. But as always, fraudsters find a way to beat the new system – after all skimming credit and debit cards is big business.

South Africa’s Net1 Mobile Solutions, however, is readying to write a different chapter with mobile virtual cards.

In the next few months the company is set to launch a mobile virtual card payment app, known as VCpay.
Net1 Mobile Solutions – a subsidiary of JSE and Nasdaq-listed Net1 Group [JSE:NT1] – believes its mobile virtual card (MVC) cannot be cloned or compromised. The company defines this as “the beauty” of their new app.

MD, Philip Belamant is confident that his company has found an innovative way to secure its mobile virtual card from any kind of fraud.

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Read the full story on Fin24 and Techfinancials.

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