Abstract:
The present invention discloses Virtual Card Mobile App (VCMA) as a medium for replacing real world commercial wallet cards. VCMA furnishes a consumer with a UVC service, which enables a consumer to easily obtain, manage and use Vendor Virtual Cards (VVC) that are offered by vendors. VCMA allows users to carry unlimited number of virtual cards from unlimited number of vendors. VCMA makes it much easier and more secure for a user to sign up, carry, manage and use a card. It also enables user to perform many functions, such as checking balances, checking rewards, searching specials, checking product info, ordering products, and making payments. User can not perform these functions using traditional physical cards. In the present invention, VCMA and virtual card services are managed by a central card management system (CCMS). CCMS also provides virtual card operation services to vendors, so that vendors can issue virtual cards, provide card services, and administer card services. Moreover, CCMS serves as a broker between a user and a vendor. Credential and private information, such as address, phone, age, password, pin and payment account number, are stored in CCMS, not with the vendor. When a transaction is performed, the credential information never goes through a vendor's equipment. Therefore, the system provides better security and privacy.