Payclick service boosts online debit card security

Visa has launched its payclick prepay system in a bid to make online shopping more secure.

Payclick, which has been introduced as a competitor to market leader PayPal, allows online accounts to be set up with up to $999.99 in credit that can then be used to make online purchases with vendors which have signed up for the service.

It means that online shoppers no longer have to worry about sharing their card details with every website operator, with payclick account holders able to top up their funds directly from their debit or credit cards.

The news may interest Aussies wishing to compare debit cards in search of the best safety options. So far, a limited number of online retailers are using the system, though this is sure to grow.

The popular iTunes and BigPond Music are among those to have already adopted payclick.

Meanwhile, NZPA reported earlier this week that National Australia Bank is rolling out an innovative, "liquid encryption number"-based technology for tackling credit card fraud.

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