This system for increasing security of credit and debit card transactions over the internet have been developed.
Developed by VISA and MasterCard, this "secure virtual shopping" with solutions, both cardholders and merchants against fraudulent transactions are secured. Verified by VISA and MasterCard SecureCode logo at virtual merchants secured by VISA and MasterCard for online purchases.
3D secure payment process, while Familiar to the Cardholder by the Bank and payment password is asked only of card holder identity is verified. This is hampered by unauthorized persons to shop on the internet.
Card holder, card, through Internet Banking to the Bank registers. Depending on the cards, a password, and security question/answer definitions. Virtual cardholder makes a transaction at a merchant that is compatible with the system and passes on to the payment section. The person by entering the password processing continues. Upon verification of the password by the Bank, the transaction is completed.