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INVESTBANK provides its clients with added online security by adopting Verified by Visa standard for all cardholders

Sun, 10/08/2017

INVESTBANK, the leader in providing innovative banking solutions, announced that current and all new credit cards issued to clients will automatically feature the Verified by Visa security standard password, which provides an extra level of protection on online transactions.

Verified by Visa provides additional peace of mind for online shoppers. The password-protected authentication system is designed to confirm the identity of the cardholder when a Visa card is used online. By requiring a onetime password known only to the cardholder, the bank can verify that the genuine cardholder is entering their card details into an eCommerce website, thus limiting the possibility of unauthorized use of their card information. The service is being increasingly adopted by e-commerce merchants worldwide and has become a global standard for two-factor authentication.

“At INVESTBANK, security counts among our top priorities, particularly given the ever-growing reliance on electronic transactions,” commented INVESTBANK CEO Muntaser Dawwas. “With Verified by Visa, we are leveraging on the latest advancements in online security and encouraging the activation to add an extra layer of protection that will allow our clients to enjoy the convenience of online payments without the risk of unauthorized use of their card information.”

INVESTBANK had previously introduced Verified by Visa as an optional security measure for its clients, but has now made the service mandatory for all INVESTBANK cardholders in order to further safeguard the security of their information. The service will automatically apply to all cardholders and does not require any registration or other action on their part. INVESTBANK cardholders will receive a one-time passcode via SMS every time they want to make an online transaction to complete their purchase on all Verified by Visa websites.