Visa Card security update

Date

Posted by

Share the article

Share on facebook
Share on twitter
Share on linkedin

Share the article

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
VISA have issued information regarding changes to card processing security from September 2021. The idea

Visa Card security update

VISA has issued information regarding changes to card processing security from September 2021. The idea is to reduce online fraud.

The changes will apply across Europe. A key part of the new security arrangements is the requirement for Strong Customer Authentication (SCA). This means you may be asked to provide additional information when making some purchases.

In their update, VISA said:

Banks are introducing these new security measures for Visa cardholders who shop online or make contactless payments. This will help them ensure only you can use your Visa and give you even more confidence and protection when paying with Visa.

  • Online: You may have to enter a passcode, which would be sent to your mobile phone or landline or authenticate your payment in another way, depending on how your Visa Card issuing bank has implemented the new security measures.
  • In store face-to-face payments: SCA applies to most face-to-face transactions. Chip & PIN transactions are compliant, but sometimes you may be prompted to enter your PIN when making contactless payments.

You may be asked to take an additional security step to confirm you are you when making a payment using your banks’ chosen authentication method. Your bank will have informed you by now on how to do this. If they have not, please get in touch with your bank.

Hopefully, this will give us even more confidence and protection when paying with a credit card, as all card issuers will need to mirror Visa’s changes to maintain a level, secure playing field.

More articles

Tax Diary August/September 2021
Tax Diary August/September 2021
July 29, 2021
1 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020. 19 August 2021 -
Reforming statutory sick pay
Reforming statutory sick pay
July 29, 2021
Following its summer 2019 consultation entitled “Health is everyone’s business: proposals for
Continuous employment defined
Continuous employment defined
July 29, 2021
When a new employee is added to the payroll it is the employers' responsibility to ensure they meet the