'Verified by Visa' was first introduced in 2001 but surprisingly many credit card users still haven?t heard of it considering that 1 in 4 online transactions throughout the UK and Europe are now verified through this security system. Essentially, it is an extra level of security now offered by Visa to customers using cards with their payment transfer system. It was designed from a technology called 3-D Secure, developed by Visa, and is now widely used by online merchants. MasterCard have also introduced an extra level of authentication called MasterCard SecureCode that works using the same technology.
Signing up is simple and it is likely that you have done so already. You can sign up in one of two ways. The first is that you visit your card provider's website and register a password and a personal message. Once you have done this your Verified by Visa account is activated. Even though it is possible to sign up at your card provider's website this is the most uncommon method. The normal method of being signed up is when you make an online purchase, through a vendor using Visa?s authentication system. The system will recognise that you are not registered and ask for the same details as above: a password and a personal message.
Once you have signed up you can take advantage of the service and be safe in the knowledge that your online card transactions are now more secure. Although not all online merchants use 'Verified by Visa' it is becoming more and more commonplace. It is estimated that 1 in 4 transactions in UK and throughout Europe are now 'Verified by Visa'. When you make an online purchase you will be asked for your personal password and your card's Security Code; this code is found on the back of your card.
The most common way for a criminal to steal your card details is by looking over your shoulder whilst you are making a purchase in a shop. The criminal may then use your card details to make an online purchase. Without the physical presence of your card the criminal will not be able to enter the card?s Security Code and, of course, they won't know your agreed password. Another way of collecting card details is through false emails requesting your card details; this type of fraud is known as phishing. Once again the criminal will probably not know your Security Code and certainly won't know your password. No other system but Verified by Visa is going to ask for your password, so don?t give it out!
What makes 'Verified for Visa' even better, aside from how simple it is to register and use, is the fact that it is free. This service is offer to Visa cardholders at no extra cost. It is part of Visa's responsibility to its customer to ensure that their transactions are as secure as possible and therefore there is no charge. You do not need to apply for a new card to use the system, as your card does not need to be scanned. Finally no software needs to be installed onto your PC in order to use the 'Verified by Visa' application.
Safe and easy to use, Verified by Visa is having a big impact on the fight against online credit card fraud. When you are given the opportunity it is recommended that you sign up in order to make your online shopping more secure and enjoy greater peace of mind when using the Internet to buy goods and services. - 15465
Signing up is simple and it is likely that you have done so already. You can sign up in one of two ways. The first is that you visit your card provider's website and register a password and a personal message. Once you have done this your Verified by Visa account is activated. Even though it is possible to sign up at your card provider's website this is the most uncommon method. The normal method of being signed up is when you make an online purchase, through a vendor using Visa?s authentication system. The system will recognise that you are not registered and ask for the same details as above: a password and a personal message.
Once you have signed up you can take advantage of the service and be safe in the knowledge that your online card transactions are now more secure. Although not all online merchants use 'Verified by Visa' it is becoming more and more commonplace. It is estimated that 1 in 4 transactions in UK and throughout Europe are now 'Verified by Visa'. When you make an online purchase you will be asked for your personal password and your card's Security Code; this code is found on the back of your card.
The most common way for a criminal to steal your card details is by looking over your shoulder whilst you are making a purchase in a shop. The criminal may then use your card details to make an online purchase. Without the physical presence of your card the criminal will not be able to enter the card?s Security Code and, of course, they won't know your agreed password. Another way of collecting card details is through false emails requesting your card details; this type of fraud is known as phishing. Once again the criminal will probably not know your Security Code and certainly won't know your password. No other system but Verified by Visa is going to ask for your password, so don?t give it out!
What makes 'Verified for Visa' even better, aside from how simple it is to register and use, is the fact that it is free. This service is offer to Visa cardholders at no extra cost. It is part of Visa's responsibility to its customer to ensure that their transactions are as secure as possible and therefore there is no charge. You do not need to apply for a new card to use the system, as your card does not need to be scanned. Finally no software needs to be installed onto your PC in order to use the 'Verified by Visa' application.
Safe and easy to use, Verified by Visa is having a big impact on the fight against online credit card fraud. When you are given the opportunity it is recommended that you sign up in order to make your online shopping more secure and enjoy greater peace of mind when using the Internet to buy goods and services. - 15465
About the Author:
Henry Goode writes about finance and other money issues for a variety of websites. Read more about Visa credit cards here.
