LazyTechie » Online Banking http://lazytechie.com SomeThing About Technology Fri, 26 Mar 2010 06:56:53 +0000 en hourly 1 http://wordpress.org/?v=3.0 Online Transactions Now Require An Additional Layer of Security http://lazytechie.com/online-transactions-now-require-an-additional-layer-of-security/ http://lazytechie.com/online-transactions-now-require-an-additional-layer-of-security/#comments Tue, 14 Jul 2009 11:48:54 +0000 Rajesh http://lazytechie.com/online-transactions-now-require-an-additional-layer-of-security/ verified by visa - mastercard securecode The Reserve Bank of India (RBI) has mandated that from 1st Aug 2009 all online credit card transactions require an extra level of verification. Your credit card issuing banks are therefore, implementing a "Verified by VISA" or "MasterCard SecureCode" password. You will need this password to continue transacting online from 1st Aug 2009.

What is the "Verified by VISA"/"MasterCard SecureCode" password?

This is the password that your credit card issuing Bank provides. For example – ICICI Bank, HDFC Bank, Citibank, HSBC Bank, Axis Bank, SBI etc. This password is the additional layer of security for all your online transactions.

How it Works?how it worksBenefits of "Verified by VISA"/"MasterCard SecureCode" password

Even if you lose / misplace your credit card it cannot be misused online as the password is not present on the card.

Note : Keep your password safe. Do not share your password with anyone.

]]> http://lazytechie.com/online-transactions-now-require-an-additional-layer-of-security/feed/ 1