Verified by Visa, or simply VbV is well understood as an extra layer of protection for defending the cardholders during electronic transactions. With the growing technologies and advanced digital media systems, the chances of fraudulent activities have also increased worldwide. Hence, a secure network is essential to control all the transactions to avoid hacker’s attacks. Verified by Visa is one of the most trustworthy and global solutions for all Visa card users. It protects unauthorized usage when your card gets stolen or lost.
Why can you trus them?
Verified by Visa is the most secure and widely accepted Visa-branded deployment for the 3-D secure technology. The prime goal of this system was to make online transactions secure, and it ensures fantastic benefits to both consumers and merchants as well. This tool is designed to ensure fast, convenient and safe processing for all purchases you make online. This automated system takes responsibility for verifying the unique identity of users to ensure authorised transactions for all Visa cardholders. When people opt for this service, the Verified by Visa system requests some personal information from the users. All cardholders have a predetermined identification number that is essential to execute the checkout process for online merchants. When the shopper fails to provide this unique ID number, the system automatically declines the transaction.
How can you to avail this service ?
Some people are confused regarding whether Verified by Visa provides services to combat chargebacks or not. Well, basically, this system is designed to prevent criminal fraud cases for online payments.
Note that, Verified by Visa systems are commonly used for a wide range of online transactions, but the brick-and-mortar merchants need to find some other alternative to stay safe from fraud issues.
In order to avail this service, people need to fill the special application form; it means, not every person enjoys the effective system of this tool. Verified by Visa can prevent chargebacks only when they are associated with Visa transactions; merchants cannot avail this service for other credit cards.
Chargeback alert program
It is high time to understand that Verified by Visa is just a small portion of the prime fraud prevention system. There are many other things involved in the actual risk mitigation. Experts reveal that the overall effectiveness of Verified by Visa can be easily improved by using a chargeback alert program. Such alerts help merchants to respond to the wrong calls.
Safe from fraudulent activities
While most of the large banking institutions and former building societies have registered for this service, many cardholders are still unaware of the massive potential of Verified by Visa services. There are many platforms that allow easy transactions through Verified by Visa system. In most cases, the verification happens through a new web page that appears more like a pop-up on the screen. These systems are considered to be much secure for the widely increasing phishing attack issue. If you already have an account in some reputed bank, you can ask for a Visa card and register to Verified by Visa services online. It will help you to stay safe from fraudulent activities.
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