Verified by Visa & Mastercard SecureCode explained
3D Secure is a technical standard developed by Visa and MasterCard to further secure CNP (Cardholder Not Present) transactions over the Internet. MasterCard brand their system as 'MasterCard SecureCode' and Visa call theirs 'Verified by Visa'. It requires the cardholder to provide a personal password or pin number when paying for goods online with their credit card just as they would provide a pin on the high street. This ensures that the shopper is who they say they are when providing card details to an online shop. Cardholders are reassured that when they sign up their card is protected from fraudulent use on the internet.
Why am I being prompted for Verified by Visa code?
This is because ToySeek have incorporated the Verified by Visa technology into our website payment systems. The page presented is actually from your Visa & MasterCard issuing bank, NOT ToySeek. At present you do not have to complete this information because 3D Secure is optional, however we understand that Visa & MasterCard intend to make this extra layer of security mandatory in the future. *MasterCard have since issued a rule which states that all International & Domestic Maestro cards MUST have a full 3D Secure Authentication in order for the transaction to be authorised.
What is Verified by Visa & Mastercard Securecode?
Verified by Visa & Mastercard Securecode (3D Secure) is a service that enhances your existing Visa & Mastercard. A private code gives added protection against unauthorised use of your card when you shop at participating online merchants.
How does 3D Secure work?
Once you've registered and created your own private security code, you will be automatically prompted by your card issuer to type in your security code each time you make a purchase at participating online stores/retailers. Then your security code will be quickly confirmed by your card issuer to complete your purchase. Your security code will never be shared with the store/retailer and using it is as easy as entering your PIN at an ATM.
How will this affect your checkout process?
In a 3D Secure transaction, you must register for Verified by Visa (VbV) or MasterCard SecureCode (MSC) with your issuing bank if you have not already done so. When you place an order, you will be asked to register your card before continuing with the transaction. The transaction process is as follows:
1) You will complete your order and add products to their shopping cart as usual.
2) At the checkout stage, if you select to pay by Visa, Visa Delta and Visa Debit, Maestro or MasterCard, then you will be redirected to your issuing bank where you will need to enter your password.
3) The bank will verify the password and the transaction will continue as normal.
How does 3D Secure protect me?
Correctly entering your security code during a purchase at a participating online store/retailer, confirms that you are the authorised cardholder. If an incorrect security code is entered, the purchase will not be completed. Even if someone knows your credit or debit card number, the purchase cannot be completed without your security at a participating store/retailer.
What are the system requirements for 3D Secure?
Verified by Visa & Mastercard Securecode works with most browsers. Please be aware that software which prevents pop-up windows may interfere with your use of 3D Secure. For full details of the scheme you can visit the Verified by Visa website by clicking here and the Mastercard Securecode website by clicking here.