Juspay Data Breach

[Jay]

Do any banks in india support generating virtual one time cards that get destroyed and regenerated after every transaction? That's what I always use on AliExpress

HDFC has this - Netsafe. Available for both credit and debit cards.

What is NetSafe

 

[shashankb]

@manu1991 A virtual debit card is generated by the bank which operate in the country . The third party debit card apps are not much popular and they are usually international . I think the rules do not allow for that here in India . I maybe wrong
Throwaway debit cards are not available I suppose

 

[Sushubh]

most banks do have gift cards but but last time i bought one... it basically failed on any online store i tried.

 

[manu1991]

Yes I meant linked to existing debit card or account only. That seems like the best option. Generate a new one every month and use it. This way even if the info is leaked, no harm done

 

[socrates]

Found this on the hdfc bank site

Facility​

Please note that the NetSafe Virtual Card facility on Credit / Debit Card is temporarily unavailable as we are making technical enhancements. We will launch the new version of NetSafe Virtual Card shortly. Inconvenience caused is deeply regretted.

In the interim, you can continue using your HDFC Bank Credit / Debit Card for transactions at merchant outlets, and for online transactions with Verified By Visa facility for all Visa cards, MasterCard SecureCode facility for MasterCard cards and ProtectBuy facility for Diners cards.

 

[socrates]

@Sushubh Happened to me on two occasions with ICICI Bank gift cards. When I rang up the ICICI bank help desk I was told they had disabled the cards as a safety feature. Strangely they forgot to tell me that.

 

[shashankb]

@manu1991 I think they cannot be disposed and generated like that while linked to a bank acc . I have never seen any bank do that . If anyone has used it , do tell which bank issues it

 

[Sushubh]

tokenized card payment is designed to get around this tbh.

 

[manu1991]

Also do any card companies allow you to turn off and on international/online payments easily (from the app or something). SMS based 2FA is useless since most stolen cards are used internationally

 

[manu1991]

@manu1991 I think they cannot be disposed and generated like that while linked to a bank acc . I have never seen any bank do that . If anyone has used it , do tell which bank issues it

I have only seen this with SBI where you could generate a virtual card online from netbanking with a fixed balance in it. I think it allowed deletion and regeneration as well but not sure. This was a long time ago though