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'[OT] Credit card new security password'
2010\06\27@110115 by Carl Denk

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A week ago, I went to place a $450 order with Summit Racing online with
my Mastercard. A window popped up that asked for some personal
information, including the last 4 of my social security number. Of
course, I am not going to enter that sort of stuff online, especially
since I don't know where it's going. I was not able to complete the
order with the Mastercard, but went back a couple of pages and was
complete the order using a Visa card. Same thing happened a couple of
days ago with a $350 order.

Some research turned up that this is a new system for both Visa and
Mastercard (and possibly others) where after identifying yourself to the
credit card organization, you can sign up to their conditions, give a
password, and then use that password to complete the order (just what we
need, another password). The benefit to the merchant is, by using the
Secure password, any loss due to fraud is not a merchant issue, but
covered the the card organization. You can sign up either online or by
phone.

This caught me totally by surprise, we had no notice from the credit
card, though they seem to be able to notify us of better ways to spend
money, and changes of conditions. :(

2010\06\27@222959 by Jonathan Hallameyer

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On Sun, Jun 27, 2010 at 11:01 AM, Carl Denk <spam_OUTcdenkTakeThisOuTspamwindstream.net> wrote:

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> -

2010\06\28@064850 by Tamas Rudnai

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Yes, there is the ''Verified by Visa' (
http://www2.visaeurope.com/merchant/handlingvisapayments/cardnotpresent/verifiedbyvisa.jsp)
and 'MasterCard SecureCode' (
www.mastercard.com/us/personal/en/cardholderservices/securecode/index.html
)

When first time you use this, they generate the code for you or you can give
a password, but for that you need to identify yourself, which is part of the
security measures.

When you do that, make sure the web site is on SSL (https), the padlock icon
on your browser is locked, and by clicking on that lock you can see
the verification details. make sure that the site belongs to Visa/MasterCard
and not something else... If you do that, you are safe enough (assuming your
computer is clean from SpyWares/Trojans). If any doubt, phone your bank and
see advise.

Tamas


On Sun, Jun 27, 2010 at 4:01 PM, Carl Denk <.....cdenkKILLspamspam@spam@windstream.net> wrote:

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2010\06\28@110741 by Herbert Graf

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On Sun, 2010-06-27 at 11:01 -0400, Carl Denk wrote:
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Verified by VISA (I don't know what the MC equivalent is) has been
around for YEARS.

I clearly remember the ads on TV. I can't believe you haven't
encountered it yet.

You were most certainly informed, but it was likely years ago.

TTYL


2010\06\28@113604 by Carl Denk

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I have had both Mastercard and Visa for years, and would have noticed if
there was any kind of thing of this sort. Both of these places that I
placed orders, I had used previously in the last 6 months without the
security bit. No one else in our area had ran into it previously. :(

On 6/28/2010 11:07 AM, Herbert Graf wrote:
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2010\06\28@205404 by Sean Breheny

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I heard about this program about 5 years ago when a few web sites
started either allowing you to opt-in to providing this verification
OR they said that certain card issuers required it. However, I never
had a web site which required it from any of my credit cards until
this year. I think that not all card issuers require it and those
which do all began to require it at different times.

Sean


On Mon, Jun 28, 2010 at 11:35 AM, Carl Denk <cdenkspamKILLspamwindstream.net> wrote:
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2010\06\28@210932 by Carl Denk

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I have been told by mastercard customer service recently that some (saw
somewhere 350,000) vendors are signed up. So, yes they would be signing
up at different times. The incentive to the merchant is if the secure
password is used, and there is a default on payment, mastercard/visa
guarantee payment to the merchant.

On 6/28/2010 8:54 PM, Sean Breheny wrote:
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