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An End to Passwords for Visa and MasterCard is coming.

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An End to Passwords for Visa and MasterCard is coming.

from JoeUser Forums

 

No doubt you’ve run into online verification procedures for processing payments…After making a purchase, retailers redirect customers to a page with a Verified by Visa or MasterCard SecureCode form, into which they are required to enter characters from their password to verify their purchase…and the consequences when these sites are hacked. These passwords are a true pain and are difficult to remember. Consumers generally hate these systems.

There are big changes coming, and when they occur, you should be aware so you don’t think you’ve been ‘redirected’, and run into a new system if you get my drift. They won’t be using static passwords but will be focusing on 2 factor verification, biometrics and disposable single use passwords. In the event that authentication is needed, cardholders will be able to identify themselves with the likes of one-time passwords or fingerprint biometrics, rather than committing static passwords to memory. MasterCard is trying Facial and voice recognition software as well as a wrist band to identify through a user’s cardiac rhythm.

So, 3D Secure 2.0 will begin to implement these systems starting next year and will be gradually replacing the older Verified by Visa and MasterCard SecureCard systems.

Source:

http://www.telegraph.co.uk/technology/news/11228300/Mastercard-and-Visa-to-kill-off-password-authentication.html

http://www.neowin.net/news/verified-by-visa-and-mastercard-securecode-to-be-killed-off-replaced-by-unified-standard

76,440 views 30 replies
Reply #26 from WinCustomize Forums Top

Well that was one way ElanaAhova , but much like today they would steal your mail from you mailbox or actually go through your garbage to see if they could find financial information.  Methods have changed but the end result is the same.  The big difference today is most folks find out about it rather quickly, that never happened before high tech, you would have debt collectors knocking on your door with no idea what they were talking about.

Reply #27 from WinCustomize Forums Top

Quoting ElanaAhova, reply 25

Paying cash is getting more attractive all the time
End of ElanaAhova's quote

I opt to do this unless I'm doing an online purchase.  I never use my card in a bricks n' mortar store, it's always cash.

Quoting ElanaAhova, reply 25

I dread the day when all currency goes digital.
End of ElanaAhova's quote

Me too!  As it is we have digital music; digital video; digital games; digital photos; digital sex.

Oh, wait... wouldn't digital sex come under games? :grin:

But yeah, I know what you mean.  Living in a digital world has its advantages, but it is also fraught with danger.

Groupy 2 - Organize multiple applications into grouped tabs on your Windows desktop
Reply #28 from WinCustomize Forums Top

Slowly but surely, people are discovering that paying in cash has its benefits.

Quoting starkers, reply 27

Paying cash is getting more attractive all the time
End of starkers's quote

http://drjbhl.joeuser.com/article/457864/You_should_use_cash_to_pay_for_things_when_possible

 

Reply #29 from WinCustomize Forums Top

Quoting DrJBHL, reply 28

Slowly but surely, people are discovering that paying in cash has its benefits.
End of DrJBHL's quote

I've always done it... that way I can keep track of what I've spent and what I have left without having to add up receipts.

I only use my card for purchases with online stores I trust [about 4 or 5 of them] and that's it.... and then it's not very often.  In fact, we have a thing here in Oz called B-Pay where one can pay bills and accounts directly through their bank accout, and these days that's my preferred method of payment as it eliminates card usage and details over the net.

Anyhow, Doc, things are looking up and Bianca and I may have a house not too far from here.  We should hopefully know within the week or so. We had a look at it yesterday and it's an older Queensland style house conveniently located near to shops and amenities, so it will suit our needs well.  While things were pretty low a while back and I was feeling somewhat depressed, I have bounced back and am getting on top of it again.  BTW, Shaunna referred me to an organisation that's helping me with managing depression and anxiety issues better, so I'm on the mend despite the hard knocks of 3 months ago.

Reply #30 from WinCustomize Forums Top

Smart old starkers ye be.

As for the rest? You made my day with all that good news! So happy to hear, Mark!  :thumbsup: