()Many families have one credit or debit card that is shared by several people, including college students and teens who might lose track of purchases, shop on unsecured sites, or access money without paying the parents.
These problems can lead to more than just friction within the family. If a card number is stolen, or the card is misplaced, it could put the family’s credit at risk.
One simple solution: Prepaid cards with unique, one-time numbers. These numbers are distinct from bank accounts or debit cards for family members.
MovoCoin, a prepaid card company that uses the most up-to-date technology, is one example.
The MOVO ewallet app allows users to create digital prepaid card instantly in specific denominations. MovoCoin was created by MovoCash, an online financial technology company. This app and platform allows users to safely send and spend money.
An individual with a MOVO Account can create a MovoCoin which functions as a single use Visa card. A fee of 50c per MovoCoin is required.
MovoCoins can be used for many purposes, such as managing bills, ordering food, paying for ride-sharing, and shopping online.
MovoCoin can be used to make everyday transactions such as grocery shopping or gas purchases. It also protects access to a permanent debit card.
Each MovoCoin comes with its own identification number. It provides instant value and an additional layer of security. The permanent card number is never used in transactions.
A MovoCoin number that is stolen is unrecoverable and will not affect a permanent MovoCash balance or card number.
Users of the app can generate MovoCoin by selecting the Movo account and then choosing the MovoCoin option. They will need to enter the dollar amount they want for a purchase, bill pay, or any other transaction.
The unique MovoCoin Number is generated. The transaction takes place without any link to the primary account information.
Metropolitan Commercial Bank (Member FDIC) issues the MOVO Prepaid Visa Card pursuant to Visa U.S.A. Inc.’s license. “Metropolitan Commercial Bank” “Metropolitan”Metropolitan Commercial Bank 2014 is a registered trademark
Visit MovoCash’s secure app for e-wallets to get started https://movo.cash.