[SOLVED] virtual card companies terminating

[JDMStanced]

I'm curious to know why so many virtual card companies are terminating (going out of business)?
Bank of America used to offer Shopsafe. They no longer offer that service.
Token app used to be pretty popular and they no longer work.
Does it cost too much money for a company to maintain such a service?

 

[Ralston18]

May be any number of reasons or a collective set of reasons:

Costs too much

Not enough profit

Liabilities/risks

May compete with another "service" they are planning to offer

Lack of customer and business support and/or interest (Lagging, declining....)

Just my thoughts about your question.

 

[velocityg4]

As above. I'd also expect there was a pretty low adoption rate among consumers for using the service.