Contact Information: William Shao Director, Marketing Communications VirtueCard, Inc. williamshao@hotmail.com FOR IMMEDIATE RELEASE VirtueCard Sets the Standard With Its Virtual Credit Card TORONTO, Ontario Oct. 23, 2000 A new player in the credit card industry has emerged and unveiled its new product.  Unlike its large competitors Visa, MasterCard, and American Express, however, VirtueCard’s product is intangible and no physical card actually exists.  According to VirtueCard CEO, Kevin Kwan, “today's society is completely dependent on the whole idea of “buy now, pay later”, and that's where credit cards come into play.  However, people hesitate to buy online because they are uncomfortable with typing their credit card number online in fear of fraud.”  With a virtual credit card, there's no actual physical card, which eliminates people from forging your signature.  All transactions are performed online.  This includes tasks such as checking the account balance online and paying bills.  The company has incorporated many security features into its product in order to minimize the chances of fraud.  This includes a user ID and password required for all transactions and complete contact information verification. About VirtueCard, Inc. VirtueCard, Inc. is the pioneer in the development of a virtual credit card aimed directly for use by online shoppers.  VirtueCard aims to ease concerns of online shopping through the release of its revolutionary credit card with many built-in security features to minimize the threat of fraud.