People…starting tomorrow – August 1st 2009, your credit card transactions will be more secure, thanks to the Reserve Bank of India’s guidelines making it mandatory for all such transactions to be accompanied by additional authentication/validation by providing information that is not visible on the cards.

All credit & debit cards of all banks have to be registered under the Verified by Visa or Master Card 3D-Secure program before 1st August, 2009 to continue using them for future online transactions. Once registered, users will need to provide the PIN/Password specified at registration time to transact at any merchant site in India.
All you need to do is log onto your bank’s website or contact them to complete the one-time registration formalities. Your password/PIN during the registration process will be needed whenever you make an online transaction thereafter. After 1st August 2009 onwards, after entering your credit card details during payment process, you will be redirected to your bank’s Visa/MasterCard authentication page where you will be prompted to enter the details. Upon successful authentication, you will be redirected back to the website you made the transaction with. Continue reading →
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