We live in an era where data security is a major issue. Just think of all those documents that you need to complete when setting up a new account with a financial provider. FICA was instituted to ensure that identity theft and money laundering could be stopped.
PriceCheck and Visa have partnered with various online shops to ensure that worry free online shopping for both shoppers and the shop can occur.
Visa has added a very nice security system that will benefit both the paying customer and the online shop from which the purchase is made.
It provides the shop the surety that the card holder exists and fraud won’t occur, as this is a reality with online shopping worldwide and not just in South Africa. Verified by Visa informs online retailers and banks that you are a legitimate cardholder when you shop online. It allows you to use a personal password to confirm your identity and protect your Visa card when you use your card on the Internet, providing greater reassurance and security to all parties concerned. Remember to keep your personal password safe.
It is easy to enroll, simple to use and works with all Visa cards. It is also free. We all enjoy products which add value to an existing product without additional costs.
How can you become part of it?
- Contact your bank to register your card for Verified by Visa in just a few minutes.
- Once your bank has activated your card, Verified by Visa protects you at every participating online store.
- When you shop at a participating online store, your card will be automatically recognized as protected by Verified by Visa.
- When you are completing your purchase, your issuing bank will verify your password.
To recognize a Verified by Visa store, look for the Verified by Visa symbol(as illustrated below) on the retailer’s web site and on links from PriceCheck during the promotional period.
