Comments on: Credit Card and Debit Card transactions Safe and Secure ensured by RBI http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/ KARTHIK KUMAR, ADSENSE, WEB HOSTING, DOMAIN, SEO Tue, 29 Sep 2009 09:27:24 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: npoet.ru http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/comment-page-1/#comment-14 npoet.ru Sun, 09 Aug 2009 03:13:13 +0000 http://www.karthikkumar.in/?p=57#comment-14 I like the questions! Yes i've seen them other places but it's cool you gathered them all up. Ooh and I don't think I will slit my throat thanks for the suggestion though. NOT I like the questions! Yes i’ve seen them other places but it’s cool you gathered them all up. Ooh and I don’t think I will slit my throat thanks for the suggestion though. NOT

]]> By: ultrasurf http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/comment-page-1/#comment-13 ultrasurf Mon, 03 Aug 2009 23:07:24 +0000 http://www.karthikkumar.in/?p=57#comment-13 I think this was a very interesting post thanks for writing it! I think this was a very interesting post thanks for writing it!

]]> By: babafisa http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/comment-page-1/#comment-12 babafisa Mon, 03 Aug 2009 13:05:45 +0000 http://www.karthikkumar.in/?p=57#comment-12 Thank you for this valuable post. It changed my mindThank you for this valuable post. It changed my attitude Thank you for this valuable post. It changed my mindThank you for this valuable post. It changed my attitude

]]> By: Piercing http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/comment-page-1/#comment-11 Piercing Sun, 02 Aug 2009 21:54:58 +0000 http://www.karthikkumar.in/?p=57#comment-11 Best article, lots of intersting things to digest. Very informative Best article, lots of intersting things to digest. Very informative

]]> By: KARTHIKKUMAR http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/comment-page-1/#comment-9 KARTHIKKUMAR Sat, 25 Jul 2009 09:41:45 +0000 http://www.karthikkumar.in/?p=57#comment-9 The source of this post is the information from RBI, economictimes.indiatimes.com, gconnect.in I have explained what they have publisher in those websites. I don't give any surety for these information. The source of this post is the information from RBI, economictimes.indiatimes.com, gconnect.in I have explained what they have publisher in those websites. I don’t give any surety for these information.

]]> By: Payment Security Expert http://www.karthikkumar.in/credit-card-and-debit-card-transactions-safe-and-secure-ensured-by-rbi/comment-page-1/#comment-8 Payment Security Expert Wed, 22 Jul 2009 07:02:54 +0000 http://www.karthikkumar.in/?p=57#comment-8 RBI never sponsored or stated specific systems such as Verified by Visa or Mastercard UCAF/SPA in its directive. Before, the entire banking industry in India goes on this bandwagon, it is best to simply learn about the experience of cardholders and online merchants as it concerns these two systems. Just google ” verified by visa 2009 ” or go to this link : http://www.boingboing.net/2009/03/28/verified-by-visa-bri.html. VBV or UCAF/SPA static passwords can be easily phished. Once phished and used by fraudsters, it then makes it very difficult (not impossible) for the legitimate cardholder to dispute a fraudulent online payment made with his VBV or UCAF/SPA credentials. On the other hand, fraudsters can easily collaborate and share each other’s VBV or UCAF/SPA credentials and then dispute the charges with the issuing banks. The issuing Banks can never prove that the cardholder’s static VBV or UCAF/SPA’s credentials were not phished or compromised. RBI never sponsored or stated specific systems such as Verified by Visa or Mastercard UCAF/SPA in its directive. Before, the entire banking industry in India goes on this bandwagon, it is best to simply learn about the experience of cardholders and online merchants as it concerns these two systems.

Just google ” verified by visa 2009 ” or go to this link : http://www.boingboing.net/2009/03/28/verified-by-visa-bri.html.

VBV or UCAF/SPA static passwords can be easily phished. Once phished and used by fraudsters, it then makes it very difficult (not impossible) for the legitimate cardholder to dispute a fraudulent online payment made with his VBV or UCAF/SPA credentials.

On the other hand, fraudsters can easily collaborate and share each other’s VBV or UCAF/SPA credentials and then dispute the charges with the issuing banks. The issuing Banks can never prove that the cardholder’s static VBV or UCAF/SPA’s credentials were not phished or compromised.

]]>