RBI RULE TO IMPACT ONLINE MOBILE RECHARGES AND BILL PAYMENTS

By July 25th, 2009 AT 9:38 AM

 RBI-MOBILE-RECHARGES-BILL-PAYMENTSThe Reserve Bank Of India (RBI) has taken note of the fact that credit card users still continue to fall prey to online fraud every day. In order to control online this fraud, it has introduced a new step whenever an online transaction is done.
* 16 Digit Credit Card Number
* Credit Card Expiry Date
* 3-digit CVV number
* NEW: Card to be enrolled with VERIFIED BY VISA (VBV) or Mastercard Secure COde (MSC)

This new 4th step would be required from 1st August 2009 for all mobile users when they try to recharge their account or pay their bills online.

Without the VBV or MSC the transaction will not get completed.

HOW TO REGISTER YOUR CARD CARD? Its quite simple really. One needs to contact their bank, and the same can be done online.HURRY and Register your card for VBV or MSC with your bank.STAY PROTECTED in all your online RECHARGES & BILL PAYMENTS !

The person behind Mobile Operator code, former telecom specialist.

guest
3 Comments
newest
oldest
Inline Feedbacks
View all comments

Recent Posts

BSNL Can’t Commit Any Timeline for 4G Launch: Report

Over the last few months, we have seen BSNL Employee Unions blaming the government for not allowing it to launch...

JioPhone to Soon Receive a Price Hike of Rs 300, Will Retail for Rs 999

Reliance Jio to soon increase the price of original JioPhone by Rs 300 which will take its retail price to...

Redmi Note 9 Pro Now Receiving Android 11 Update in India

Redmi Note 9 Pro users in India are now receiving the Android 11 update. Redmi Note 9 Pro is arguably...