Aug 2, 2009


From 1st of August, there is a new verified by visa secure code for all the online transaction either you are making the payment with debit cards or credit cards, one need to be register for making the payment with extra level of security.It applies on visa as well as master card which is called 'Master Card Secure Code'.

There are two ways to register:

1- Go to the bank site and register yourself.

2- While making payment you can register yourself. If someone is already registered there is no need to reregister.

Once you register you will get a six digit password and you need to enter this password on all the transactions you made either with debit card or credit cards.

Now it's very secure making the payment on net as the SECURE CODE works very well and we are very confident paying on net as it has very little chances of fraud or hacking.It is totally free and it's only for securing the online payments.


The use of Credit/Debit Cards has been increasing in the country. We have been reviewing various options to enhance the security of online card transactions. After extensive consultations with banks/card companies, it has been decided as under:

2. It would be mandatory to put in place with effect from August 01, 2009:

i) A system of providing for additional authentication/validation based on information not visible on the cards for all on-line card not present transactions except IVR transactions (for which separate instructions will follow).

ii) A system of "Online Alerts" to the cardholder for all 'card not present' transactions of the value of Rs. 5,000/ and above.

3. Banks are advised to strictly adhere to the instructions and time discipline indicated in this circular. Non-adherence to the directives shall attract penalties prescribed under the Payment and Settlement Systems Act 2007 (Act 51 of 2007).

4. This directive is issued under section 18 of Payment and Settlement Systems Act 2007, (Act 51 of 2007).

5. Please acknowledge receipt.

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