Safe and Sound ; an Additional Password to Guard Against Frauds for Online Credit- Card Transactions.

Summary

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Following a directive by the Reserve Bank of India, all online portals, retailers, tourism sites, airline sites, and re-sellers will require an additional password to secure your credit-card transaction from August 1, 2009.

This is over and above your regular card verification value (CVV) number, which is at the back of your card. Among the reasons for this is the growing incidence of frauds on credit and debit-card transactions online where details such as card number and card verification value were routinely being misused by fraudsters.

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Extract

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Safe and Sound ; an Additional Password to Guard Against Frauds for Online Credit- Card Transactions.

Here's how you can register your card for o...

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