In order to enhance the security when paying online by card, from October 1, 2019, Vietcombank officially implemented the 3D Secure security feature for international debit cards. So far, Vietcombank has implemented 3D Secure for all international credit and debit card products bearing the Visa / Mastercard / Amex / JCB brands issued by Vietcombank.
What is 3D Secure?
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 (ICD) and has different names for each International Organization such as Safe Key (Amex), Verified by Visa (Visa), Mastercard SecureCode or Master ID check (Mastercard), J-Secure (JCB).
Subjects of application?
Individual customers who are international credit and debit cardholders issued by VCB bearing valid Visa, Mastercard, Amex and JCB brands and are not permanently locked (including corporate cards authorized by individuals use and co-branded tags with partners).
Institutional customers are corporate credit cardholders issued by VCB bearing valid Visa and Amex brands and are not permanently locked.
How to apply for 3D-Secure?
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 method of receiving OTP via SMS: Vietcombank uses 3D-Secure registration for Cardholders who have used OTP method of receiving via.
Method to receive OTP via Email: Customers can register to receive OTP method via Email (in case they cannot receive OTP via SMS).
Note: The method of receiving OTP via SMS is a mandatory method, the method of receiving OTP via Email is only an additional option in case the cardholder cannot receive OTP via SMS.
In case you have not registered OTP method, please go to the nearest Vietcombank branch or contact Customer Service Center 1900545413 for instructions.
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.
Other News
Banks “race” to convert magnetic cards into chip cards
According to the goals set by the Government, by 2020, the rate of non-cash payment must account for more than 30% of the total means of payment in Vietnam. Conversion of magnetic cards to chip cards with safer security technology is a must. The conversion from magnetic stripe to chip card is being implemented by
Details
Consumers advocate the conversion of magnetic cards to chip cards
Chip card is a card that all information is encrypted on chip, more secure than magnetic card and will limit the situation of information theft, cash withdrawal at ATMs. To issue chip cards, banks have to spend about 2 USD for a card, 7-8 times higher than a magnetic card. However, representatives of some commercial
Details
Converting a magnetic card to a chip card: A new year’s goal for the banking industry
According to the goals set by the Government, by 2020, the rate of non-cash payment must account for more than 30% of the total means of payment in Vietnam. Conversion of magnetic cards to chip cards with safer security technology is a must. The conversion from magnetic stripe to chip card is being implemented by
Details
Promote comprehensive cash-free economic development platform
Non-cash payment is an inevitable development trend that will create a multidimensional impact, both bringing convenience to the people, creating economic growth momentum and being encouraged to promote. In early 2020, the Prime Minister approved the National Comprehensive Financial Strategy to 2025, with orientations to 2030 in Decision 149 / QD-TTg. The strategy is considered
Details
100 million in a bank account ‘without wings but flying’
In 30 minutes, the bank account of Mr. Vo Tan Dinh opened at Sacombank was withdrawn 100 million when fraudsters made 35 money transfer transactions. Mr. Vo Tan Dinh said that on the morning of February 18, he went to Sacombank’s transaction office in Bau Bang district (Binh Duong) to deposit VND 105 million into
Details
It costs trillions to convert over 76 million ATM cards
Commercial banks will issue ATM cards made of chip technology instead of magnetic cards. So, the card conversion cost up to thousands of billion, customers or banks will bear? Vietnam National Payment Joint Stock Company (Napas) along with 7 banks namely Vietcombank, BIDV, Agribank, VietinBank, Sacombank, ABBank and TPBank have started converting cards from ATM
Details
