Despite the fact that the financial institution responsible for issuing you a credit card protects your card against unauthorized use in various ways such as one being the three-digit code called a Card Verification Value (CVV) located on the rear of the card adjacent to the signature line, you can now add an additional layer of security to protect your online transactions. This convenient new program is a service known as Verified by Visa. This program protects their credit and check cards by allowing cardholders to add a personal password to their card – at no cost – for added security while shopping online.
A added password feature helps one ensure that only you (the card owner) can use their card to make a personal online product or service purchase. No, your not required to register your their card in this program however, if you do not participate in this program you may not be permitted to use your card at online stores that do participate in the program. Participating stores may prompt you during the order process to either (1) immediately register or (2) request you pay for your order by selecting another payment method.
This program is designed to protect their card(s) you already have. The password you create must be 6-10 characters in length and must include at least one number and at least one letter. You do have options to change the password you selected for your credit card by visiting their site already mentioned or by calling 1-888-918-7490 for a re-registration. Or, if you bank online, go to the Personal Account Manager, access “Manage Your Profile” and select “Change Your Password” or, call the institute you favor to bank with. If after establishing your password you forget the number, click on “Change Your Password” or call Visa or your banking institution.
You don’t have to use your special password when you use the card at a brick and mortar establishment; it’s only required when conducting transactions online at participating merchant sites. The program will work with Internet Explorer 5x and up, Netscape 6.2 and up and AOL 7 and 8 Internet browsers. If you use your verified by Visa card at an online merchant that does not participate in the program, your online purchase would be processed as before, without requiring entry of your special password. You use your verified card to shop with added safety from any computer that has Internet access because security is linked to your card, not your computer.
There are two ways to register their credit or check card. You can register at any time by visiting CVV shop. You will be asked to enter your card number and additional identifying information. A fast ID verification will take place and you will subsequently be requested to create a personal password. The second way to register is when initiating a purchase with a online verified by Visa merchant. Just as before, you will be asked to enter card details and additional identifying information. A quick ID verification takes place and you create a personal password. Once the process is completed, you are returned to the merchant site to finalize the sale.