Verified by Visa is a security measure that credit cards (with Visa obviously) use to ensure you are the cardholder and you are legally allowed to use it to make purchases online. As we all know, online identity theft and credit card fraud can be very troublesome…
but with this measure you can virtually wipe it out. If you make an online order and pay with your visa credit card then you can choose a password wo protect others from using your credit card details. Basically, when you make a purchase on your credit card, before they verify your order and end the purchase process you will be asked to enter three characters from your password. The Verified by Visa screen will pick the numbers and only you will know what characters they correspond with.
This provides peace of mind and confidence in your online shopping, that to be honest was becoming a risky business at the best of times. Since the introduction of Verified by Visa internet credit card fraud has reduced considerably.
So when you’re choosing a credit card, make sure that it has the Visa logo, and make sure that you can use Verified by Visa. Of course, it’s always a good idea to get your cards insured anyway against theft and online fraud, just in case. Pretty much everyone will be shoppingonline soon with their credit cards, and Verified by Visa will just give you that peace of mind and also it’s free; so really there is no reason whatsoever not to protect yourself when shopping online.
Tags: credit card, fraud protection, visa