Online Transactions Require an Additional Security
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”?
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. Register for your “Verified by VISA” or “MasterCard SecureCode” password with your credit card issuing bank before 1st Aug 2009.
How it works?
Benefits of “Verified by VISA”/”MasterCard SecureCode”
Even if you lose / misplace your credit card it cannot be misused online as the password is not present on the card.
Thanks Shanavas for sharing this important information.
Well, I understand that nothing is required to do with Netsafe card of HDFC Bank as that is already verified by Visa and Mastercard since early days however it might be required to do re-registration for few other Credit Cards.
Regards
Hey, can tell me how to get this Verified by VISA password, as i do not get it when i registered myself on hdfcbank website, i registered myself before 1 August 2009.
Thanks & Regards
Dear himanshu, You will definitely get a password. I am also using HDFC card.