Ireland gets world's first disposable 'credit card'
A Reuters newswire article by Paul Hoskins, via Yahoo! News, reports that:
If you've ever been nervous about using your credit card to order the latest bestseller online or buy roses for a loved one over the phone, an Irish bank thinks it has solved the problem.
Permanent tsb said on Tuesday it will launch the world's first pre-paid, disposable credit voucher, opening up Internet and telephone shopping to those previously put off by the security implications of handing over their credit card details.
In the same way that owners of pre-paid mobile phones top up their credit at shops, registered users of the new service will be able to buy vouchers for between 20 and 350 euros at retail outlets.
Each voucher will carry its own unique number which can then be used to shop online, by phone or by mail with any retailer who accepts cards issued by Visa.
The scheme, which is the brainchild of Ireland's 3V Transactions Services Ltd, also aims to attract those who do not hold traditional credit cards.
posted by Fergie @ 8/30/2005 10:44:00 AM
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