In India, RBI has introduced mandatory usage of “Verified by Visa” / Master card “SecureCode” for online payment starting 01st Aug 2009 for all online credit card and debit card transactions in India so as to provide an extra level of verification. This has been hailed by many as a great move as it will help reduce the Fraudulent transaction.
Verified By Visa
Mastercard Securecode
In case you have not registered it yet, you will find that when you try to use the card, you will be transferred to a site where in you can register for same. You can also directly register by accessing the respective bank site
HDFC Bank, ICICI Bank, Citibank, HSBC Bank, Standard Chartered, State Bank of India, Axis Bank, ABN Amro, Deutsche Bank,
Inspite of its benefit (Secure transaction), people using it on international payment gateways will be not cheering the move. If you try using your Debit Card/Credit Card on international payment gateways e.g Web hosting payments, paypal,Google checkout, etc then the transactions will be declined. Process for authenticating transaction by “Verified by Visa” is given below (from hdfcbank website)
- Select the goods or services you want from a Verified by Visa/ MasterCard SecureCode online store and proceed to the payment page.
- Enter your HDFC Bank Debit/ Credit Card number and the online store will connect with HDFC Bank to check whether your Card is secured with Verified by Visa/ MasterCard SecureCode.
- HDFC Bank initiates a Verified by Visa/ MasterCard SecureCode pop-up window on your computer screen that includes your Personal Assurance Message (PAM)/ Personal Greeting.
- Look for and confirm your PAM/ Personal Greeting then enter your password. HDFC Bank will then confirm your identity to the merchant.
Problem is at Step 3 as international payment gateways cannot redirect to Indian bank’s for “verified by visa” or “securecode” key/password and without this “password” transaction cannot be authorized. Any site which is not registered for “Verified by Visa” / “Securecode” transaction will not be able to use the card. What can you do?? May be call up American Express :)
