Visa and MasterCard have developed authenticated payment capabilities to improve online transaction security and to help encourage the growth of e-commerce. By creating a virtual signature in the form of a password chosen by you when you sign up, Visa and MasterCard hopes to move toward guaranteed payments for merchants and provide a safer online commerce experience for Cardholders.
Verified By Visa and MasterCard SecureCode enable two parties (card holder and card issuer) to authenticate each other by exchanging digital certificates (electronic identifications) before proceeding with an online transaction, assuring the Cardholder that he is dealing with a legitimate merchant and providing the merchant with proof of participation of the real Cardholder. This gives both parties the confidence to proceed and creates a digitally signed record of the transaction that can be verified afterwards.
For more details about the two schemes please refer to the following links:
MasterCard - http://www.mastercard.com/uk/cardholderservices/securecode/index.html
Verified by Visa - http://www.visaeurope.com/personal/onlineshopping/verifiedbyvisa/main.jsp
Some card issuers are being pro-active about getting their customers to enroll in Verified By Visa or MasterCard SecureCode and give you the option to sign up when we send you to their authentication Server during the payment process. Most card issuers should give you the option to sign up later and just proceed with the payment, if not you can go to your banks website and sign up, try using another card or call our support team on 0870 0116204 .
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