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Friday, August 7, 2009

Secure Online Shopping

To make online payments safer, the Reserve Bank of India has made it mandatory, for all online transactions to have an additional level of authentication from August 1, 2009 onwards. For Visa credit/debit cards, the additional level of security is the Verified by Visa password that you will have to enter after providing your credit/debit card details while making online bill payments through Visa Bill Pay.

You need to register with your issuing bank to obtain the Verified By Visa password. If you are not registered with your issuing bank, then your Visa card may be declined while making a payment through Visa Bill Pay, from August 1, 2009
What is "Verified by VISA" password?
Verified by Visa is a service that will let you create/use a personal password with your credit/debit card, giving you added assurance that only you can use your card to make purchases over the Internet
Here's how it works

1. Through your card issuer, set up your Verified by Visa password and activate your card in just a few minutes. To do so now, click here.

2. Once you activate your card, Verified by Visa protects you at every participating online store.

3. When you shop at a participating online store, your card will be automatically recognized as protected by Verified by Visa.

4. Look for your "Personal Message" to confirm that you are shopping at a legitimate merchant.

5. Enter your password correctly and the transaction will be completed as usual.

6. When you are completing your purchase, your issuer will verify your password

How do I get my Verified by Visa password?




Registering your Visa card for Verified by Visa password is very easy. Just login to your bank.s website, register your card for Verified by Visa and choose your password. The registration process may differ from bank to bank. Incase you are not already registered, please register with your bank right away.