iOS 17.4 Beta Lets Apple Cash Users Generate Virtual Card Numbers

[lee647]

good for OF lol

 

[Daceatx78]

All we need now is a physical card and an account number and routing number and I will switch banks quickly.

 

[germinator]

But, will you be able to use it for Apple ID? Currently, my virtual card IS NOT ACCEPTED. Why, Apple?

 

[cyanite]

Revolut does something similar, which I use from time to time.

 

[SpanishAppleNerd]

You don’t need to change banks to use it where it is available. And the features may be somewhat too limited to take care of the various payment types needed in daily/monthly life.

That's true. It shows that we haven't got the chance to get familiar with the product. Had no idea about the possibility of staying in my current bank. But that sounds logical,  Card coming directly from Apple and not being a product from any specific financial institution... thanks for the heads up

 

[ProfessionalFan]

All we need now is a physical card and an account number and routing number and I will switch banks quickly.

This isn't Apple Savings, it is Apple Cash.

Apple Savings does have an account and routing number. No physical debit card though yet.

 

[Robert.Walter]

This isn't Apple Savings, it is Apple Cash.

Apple Savings does have an account and routing number. No physical debit card though yet.

All Apple has to do is link the Apple Cash card to the Apple/GS HYSA and we’re off to the races.

 

[lartola]

The description seems to suggest you can generate new card numbers on a whim. Sounds promising. I want this system to be Apple's take on Privacy.com (which is not so private). I want to generate unique virtual cards for different vendors and set a one time or recurring limit. I hope they do that in the future.

Actually no. It says “Once generated, the card number can be accessed using Safari AutoFill, and used to shop online "where Apple Pay is not available." Users can also view the card number in Wallet, as well as generate new card numbers and CVC codes.” This sounds more like a virtual card number for online purchases not using apple pay, just like the one that comes with apple card. And when they say you can generate new card numbers, that means if need be such as in case of fraudulent activity, just like with Apple Card, not unique numbers for each vendor. And generating new CVC numbers is basically a dynamic CVC, the same as what the ‘advanced fraud protection’ toggle switch found in Apple Card activates.

 

[lartola]

Nice to hear it is easy. All cards should have this. Citi Double Cash does, but the rest need it too. And it should be integrated into the Apple Wallet.

I think you’re misinterpreting. According to the article this is going to be a virtual card number for apple cash for online places not taking apple pay -just the same as what Apple Card already offers-, not the ability to generate unique card numbers for each vendor, which many banks/card issuers already do support.

 

[lartola]

Citibank has had this service on its credit cards for many years, and I use it all the time. Particularly for sellers with whom I wish to have only limited transactions and subscriptions for which I do not want automatic re-subscribes. It takes only a minute to get a virtual number and customized expiration date. Just set the expire date for a month or so and don’t worry about unwanted charges down the road. All charges still appear on the regular bill.

You’re misunderstanding the article. Apple Cash is just going to get A SINGLE VIRTUAL CARD NUMBER for online purchases where apple pay isn’t accepted, which can be changed upon request if need be, such as in case of fraudulent activity, and which will have a dynamic cvv (aka by apple as advanced fraud protection). This is functionality already offered by Apple Card, but new and just about to be added to Apple Cash. Nowhere does it say, however, that there will be the ability to generate unique virtual card numbers for each online vendor.

 

[lartola]

Question: This sounds a lot like privacy.com virtual cards. Will you be able to transfer money to the Apple Cash card from your bank account? If so, then this will kill privacy.com and creating an Apple virtual card will be the next big thing for Apple customers privacy!

Not exactly like privacy.com. This is more like what Apple Card already offers: with Apple Card you get a virtual card number for use on websites/apps not accepting apple pay. You can generate a new number if need be, such as in case of fraudulent activity, and have a dynamic CVV by turning on advanced fraud protection, but it’s still a single card number you use for all online vendors. And now seemingly they’re adding all that functionality to Apple Cash as well. Several people in this thread seem to have misunderstood the article, however, thinking that they’ll get the ability to generate unique virtual card numbers for each online vendor, which is actually never mentioned in the article.

As for transferring money, Apple Cash already supports adding money to it from a bank account by using a debit card, and sending money from it to a bank account either using the debit card (for a fee) or via an ach transfer (free).