If you're an American Express cardholder and plan on doing a lot of online shopping this holiday season, you'll definitely want to investigate Private Payments. Introduced in September, this new feature will allow you to make online purchases without worrying about credit card fraud.
To ensure credit card security, American Express' Private Payments system will issue you a unique virtual credit card number each time you want to make a purchase on a Web site. This virtual credit card number has a short-term expiration date and is only good for one transaction. This means that you won't have to give out your actual credit card number while shopping online. Not only does this mechanism protect you from online credit card fraud, it will also safeguard your personal privacy.
In this article, I'll take a look at American Express' Private Payments system and explain in more detail how it works. Then, I'll show you how you can sign up for and use Private Payments to make online purchases.
