With outstanding advantages of safety – security – convenience, 3D-Secure has been well received and used by Vietcombank cardholders.
Recently, the Bank for Foreign Trade of Vietnam (Vietcombank) has invested heavily in technology systems, prioritizing the use of infrastructure and application of the most advanced, modern and most secure technology, ensuring transaction support. Card payment, electronic payment of customers are always fast, convenient and safe.
Recognizing these efforts of Vietcombank, Visa International has just awarded Vietcombank a “Champion Security Award”. This is a prize for the leading units in management and against the risk of fraud in card payment transactions.
One of the best evidences in Vietcombank’s positive improvement in enhancing security in card payment transactions is the implementation of 3D Secure from December 2018. With outstanding advantages of safety – security – convenience, 3D-Secure has been received and used by most Vietcombank cardholders.
What is 3D Secure?
According to Vietcombank, 3D-Secure is an extra layer of protection for Vietcombank cardholders when making online transactions.
With this method, when performing transactions on e-commerce websites, besides normal authentication steps, Vietcombank will send an additional one-time transaction password (OTP) via text message or email for customers to enter. and complete the transaction.
3D-Secure ensures that only the customer, as the cardholder, will have the password to complete the transaction.
As a preeminent solution, 3D-Secure is applied by international card organizations and has different names such as Safe Key (Amex), Verified by Visa (Visa), Mastercard SecureCode or Master ID check (Mastercard), J -Secure (JCB) ”.
What types of cards does 3D-Secure apply to?
According to Vietcombank, 3D-Secure is applied free to international credit and debit cardholders with American Express, Visa, Mastercard, and JCB brands issued by Vietcombank.
To be protected by 3D-Secure, customers need to register a phone number / email to receive a one-time transaction password (OTP) with the bank. The specific registration method is as follows:
– With the method of receiving OTP via SMS: Vietcombank automatically registers 3D-Secure for cardholders who have used the method of receiving OTP via SMS on other transaction channels (such as VCB-iB @ nking). In case the customer has not registered, please go to the nearest Vietcombank branch for instructions.
– Method of receiving OTP via email: Customers can register to receive OTP via email (in case they cannot receive OTP via SMS).
Vietcombank notes that the method of receiving OTP via SMS is a mandatory method, the method of receiving OTP via email is only an option if the cardholder cannot receive OTP via SMS.
How to use 3D-Secure when paying online?
– Step 1: Select goods and services from online website with 3D-Secure logo
– Step 2: Enter payment information as required
– Step 3: Choose the form of receiving password to authenticate transactions via SMS / Email
– Step 4: Enter the password to authenticate transactions provided by Vietcombank via SMS / Email
– Step 5: The transaction will be further processed and completed.
Vietcombank commits to continuously making efforts to improve the quality of its products and services, giving customers the best utilities, the most advanced security measures when using Vietcombank card products.
Other News
PVcomBank converts ATM cards made from magnetic tape technology to EMV chip technology
Vietnam Joint Stock Commercial Bank (PVcomBank) has just converted all bank ATM cards made from magnetic tape technology to the most advanced EMV chip technology, helping customers to trade safely and enjoy many current payment utilities. Great. Domestic card (ATM) is one of the most popular payment methods in Vietnam today. Cardholders can use the
Details
More than 1 million magnetic stripe cards have changed to chip cards
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said that the bank has converted over 1 million magnetic cards to chip cards According to Ms. Nguyen Hong Van, Director of Vietcombank Card Center, from September 2019, Vietcombank was one of the first banks to deploy new issuance and convert magnetic cards to contactless
Details
Nearly 150,000 POS machines have to be upgraded to meet the new chip card standards
According to SBV regulations, in 2019, banks must upgrade 50% of existing POS machines. At this time, many banks are rushing to find ways to solve the cost problem. Can’t read the chip card, swipe the card, the machines are nearly ten years old and must be upgraded. To install a 10 million dong machine,
Details
Electronic payment: boldly move forward so as not to miss a beat
E-payment creates opportunities for people to become more involved in the banking sector, not to miss the opportunities provided by the digital economy. This is an issue exchanged by Deputy Prime Minister Vu Duc Dam in the Forum of Developing E-payment Ecosystem 2019 with the topic ‘Moving with chip technology’ by the State Bank, National
Details
The first Vietnamese bank allowing customers to use domestic cards for transactions in Korea
In addition to international debit cards or credit cards, TPBank has allowed all domestic cardholders to make instant payment and withdrawal transactions in the Korean market. Tien Phong Commercial Joint Stock Bank (TPBank) has successfully implemented the project of 3-party connection between TPBank, Vietnam National Payment Joint Stock Company (NAPAS) and BC Card Company –
Details
Smart card trend in the world
Many countries around the world have been converting smart card usage into many different service industries such as Sim cards integrated payment in telecommunications, applications in automating bus ticket payment. , tram in the transport, electronic identity cards in the field of state management or the type of payment card of the banking industry ….
Details
