PayPal's Two-Phase Rollout Of Virtual Debit Card
Digital Transactions reports that "PayPal will start rolling out its so-called virtual debit card to “hundreds of thousands” of users some time this month in a process it expects to complete by the end of August." Using software from Orbiscom that is downloaded by the consumer, a single use MasterCard Debit account number is generated which can then be used at any MasterCard accepting ecommerce merchant. No changes are required by merchants to handle these transactions - effectively extending PayPal's reach to essentially all off-eBay ecommerce merchants.
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