Verified by Visa + MasterCard SecureCode - Authentication from Auguest 1st.
To make online shopping safer and a real world consumer experience, the Reserve Bank of India (RBI) has made it mandatory, from 1st August, 2009 onwards, for all online transactions to have an extra level of authentication.
The extra level, is a password that you will have to enter after entering your credit/debit card details while making online payments. This new technology is called VBV - Verified by Visa or MSC - MasterCard SecureCode. This password needs to be created by you at your respective bank's site. You can follow the Bank links below to do so.
You can create the password depending upon the credit card issuing bank.
Axis Bank
ABN Amro
Citibank
Deutsche Bank
HDFC Bank
HSBC
ICICI Bank
SBI
Standard Chartered
In case your Bank is not listed here, we recommend you contact them regarding details on this. You can also leave that as a comment so that it will help others.
The extra level, is a password that you will have to enter after entering your credit/debit card details while making online payments. This new technology is called VBV - Verified by Visa or MSC - MasterCard SecureCode. This password needs to be created by you at your respective bank's site. You can follow the Bank links below to do so.
You can create the password depending upon the credit card issuing bank.
Axis Bank
ABN Amro
Citibank
Deutsche Bank
HDFC Bank
HSBC
ICICI Bank
SBI
Standard Chartered
In case your Bank is not listed here, we recommend you contact them regarding details on this. You can also leave that as a comment so that it will help others.
Published by CardBhai @ 9:56 AM
1 Reader Comments
1 Comments:
RBI never sponsored or stated specific systems such as Verified by Visa or Mastercard UCAF/SPA in its directive. Before, the entire banking industry in India goes on this bandwagon, it is best to simply learn about the experience of cardholders and online merchants as it concerns these two systems. Just google " verified by visa 2009 " or go to this link : http://www.boingboing.net/2009/03/28/verified-by-visa-bri.html.
VBV or UCAF/SPA static passwords can be easily phished. Once phished and used by fraudsters, it then makes it very difficult for the legitimate cardholder to dispute a fraudulent online payment made with his VBV or UCAF/SPA credentials.
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