What is Verified by Visa?
Verified by Visa (also known as VbV) is a program designed to strengthen the safety of online transactions for both merchants and cardholders. This supplementary verification process guarantees the security of transactions conducted by a verified cardholder. It enables financial institutions to take additional steps to ensure that a cardholder’s personal information has not been compromised. All Visa cardholders are automatically enrolled in Verified by Visa.
How Verified by Visa Works
Security checks are conducted before the cardholder authorizes a payment. The bank takes all necessary measures to provide clients with strong protection during online transactions, reducing the risk of unauthorized fund transfers.
The bank may verify the cardholder’s identity by requesting a password. This step prevents fraudulent transfers and guarantees the safety of transactions for both parties. With Verified by Visa, customers receive an extra layer of security while shopping online.
Examples
- Emily’s purchase was not verified by Visa because she entered the wrong password, so the transaction was declined.
- A cardholder’s repayments will not be verified by Visa if the required authentication step is not completed successfully.
