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13th Nov 2014

Hate Verified By Visa? Good News – It’s Getting Scrapped

The credit card companies announced the news today.

Her

It’s fair to say that Visa’s credit card verification system has made an enemy of many of us but that frustration may be a thing of the past.

Mastercard and Visa have announced that they plan to replace the MasterCard SecureCode and Verified by Visa systems with a new standard called SafetyNet.

The new system hopes to be more user-friendly than its predecessors by reducing the reliance on passwords as a means of verifying identity.

It is expected that cardholders will be able to identify themselves with single-use passwords or fingerprint biometrics, with Mastercard also said to be piloting tests for facial and voice recognition apps.

The changes will be implemented from 2015.