From 01 August 2009, online purchases on your Credit Card will require an additional level of security. To make online transactions all the more safe, Reserve Bank of India (RBI) has recently passed a mandate, with effect from 1st August 2009, according to which all online payments required to go through an extra level of authentication. It means they should be enrolled in Verified by Visa/MasterCard 3D secure program.
Visa/MasterCard secure program allows you to transact online safely using your credit card, it is a free service provided by Visa / MasterCard. This provides you an added assurance by authenticating you while using your Credit Card to make online payment. A private code (Password) will be provided to you. Whenever you make a payment you need to enter this password like an ATM card. The processing of transaction will be done only after verifying your password (private code). The biggest advantage of Verified by Visa/MasterCard 3D secure program is that it will protect your Credit Card usage from unauthorized use.
Benefits of VBV/MSC
- An extra level of protection and security for online shopping
- No additional cost for this service
- This service is very easy-to-use
- No need of any software download to use this
- Transaction will be protected through password
- For additional security you can set a personal message also
As per the mandate, while making payments online, you need to enter a password as an extra level of authentication after entering your credit /debit card details. This new technology for safe and secured online transactions is called VBV (Verified by Visa) or MSC (MasterCard Secure Code).
What is Password Protection?
Under this program your credit card will be protected with a Password. You can create a password of your choice. You can use it like your ATM PIN (Personal Identification Number); it ensures that only you can use your credit card.
What is protection with the personal message?
Under Verified by Visa/ Master Card Secure Code you can create your own personal message, it gives further protection for your secure password. You can check your personal message prior to entering your password; it helps you to confirm that your transaction is authenticated by the Credit Card provider.
What is the process of getting 'Password'?
To get password, you need to go through an easy process wherein you just need to log on to your bank's website, register your card for Verified by Visa (VBV) or MasterCard Secure Code (MSC) and get your password. Different banks have different types of processes for card registration. So, please visit your bank's website to register.
How to register?
By clicking on the following links you can register under VBV/MSC program;
Karur Vysya Bank
State Bank of India
What has to be done after registering with VBV/MSC?
After registering with VBV/MSC, whenever you will pay online, you will be directed to your bank's website just after mentioning your credit card details on the payment page. Here, you will be asked to enter your VBV/MSC password and after that you will be redirected to the particular online shopping website for completing the entire payment process.
Is the procedure going to be similar for American Express Cards?
The process of verification is different in case of American Express Cards. This process is done with the help of a technology called AVS (Address Verification System). For American Express Cards, you need to enter your billing address on the payment page, which will be passed on to the bank. The bank will verify the billing address provided by you against the address that the bank has in its database. Be careful while mentioning your billing address because if the billing addresses don't match with your bank’s data your payment will be rejected.
Verified by Visa (VBV)/ MasterCard Secure Code enabled Merchants.
Following merchants are currently 'Verified by Visa (VBV)/ MasterCard Secure Code' enabled :
- Air Deccan
- Net 4 India
- Malayalam Manorama
- Thomas Cook (1mth)
- Planet Group E Pvt. Ltd.
- Joy Travels
- Garwal Mangal Ltd.
- Bose Corporation Ltd.
- HFCL Infotel Ltd.
- Info Edge(Naukri)
- Info Edge(Jeevansathi)
- Info Edge (99 acres)
- Vyakti Vikas Kendra India (Art of Living)