The First Bank of Internet, FBOI, is announcing the initiation of transaction processing services for Internet electronic commerce. Purchases over the Internet can now be made without exposing personal credit card information.
Vendors can now sell products on the Internet without the restrictions imposed by credit card use.
Other Internet purchase procedures require personal credit card information. Those proceedings will be monitored by thousands of people all over the world. Some will attempt to either decode the credit card information or impersonate the customer in future transactions. ATM cards are also better than credit cards because their purchase does not require the personal, financial, and employment background of the consumer. The Visa ATM card is not a credit card.