NEW YORK, March 24, 2016 /PRNewswire/ -- Today Privacy.com launched its first product, a free app for generating virtual debit cards for online transactions. The app, available for Apple iOS and Google Chrome (with broader support coming soon), allows users to create "burner" cards with one click that terminate after one transaction or merchant-specific cards for recurring transactions.
"Credit card breaches are growing at an alarming rate and real people are getting hurt," said Bo Jiang, CEO and Founder of Privacy. "We minimize your risk of fraud and identity theft by creating virtual burner cards. Our software is incredibly easy to use. We put people back in control of their personal and financial information."
Users download the software, register and link an online bank account. There is no pre-loading of funds required and the service can be used anywhere Visa cards are accepted. Two-factor authentication is built in for an extra layer of security.
The company was founded by veterans of leading payments and security companies including American Express, Expensify, and Palantir. To date Privacy has raised $1.2 million from Andy Roth (former Chief Privacy Officer of American Express), Jim Messina (former Deputy Chief of Staff of the White House) and other prominent angel investors.
For more information visit privacy.com.
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