KATHMANDU, Dec 16: Mega Bank Nepal has announced the commencement of 3D secure services for its Cardholders to perform online transactions.
According to the press released by the bank on Sunday, this service allows MBNL card holders to use their cards during online transactions and allow them to participate in Verified by Visa (VbV) process. The new value-added service by Mega Bank Nepal Limited is an extension of the Banks mission to reiterate its commitment to its consumers to meet the needs of an ever-changing market in terms of security, technology, and financial solutions, according to the press.
The few simple steps will enable cardholders to activate the new feature while performing first ecommerce transaction where customers need to enroll and set credentials for future usage and subsequent online purchases will then be validated with additional layer of security for cardholder’s authentication, read the statement.
As a direct benefit, MBNL cardholders can now enjoy additional security for their online card usage on various ecommerce sites worldwide. This will also increase acceptance across more Merchants participating in 3D secure services for using MBNL cards. The protective feature enables the bank to authenticate not only the card but also the cardholder during payment of internet purchases thus protecting their online transactions against theft and illegal use of cards, it stated.